HORAN Wealth LLC Buys Shares of 83,140 Comcast Corporation $CMCSA

HORAN Wealth LLC acquired a new position in Comcast Corporation (NASDAQ:CMCSA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 83,140 shares of the cable giant’s stock, valued at approximately $2,967,000.

A number of other large investors also recently bought and sold shares of CMCSA. Brighton Jones LLC raised its stake in Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares in the last quarter. Callan Capital LLC grew its holdings in Comcast by 8.7% in the first quarter. Callan Capital LLC now owns 8,451 shares of the cable giant’s stock worth $312,000 after purchasing an additional 678 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Comcast by 11.1% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 39,508 shares of the cable giant’s stock worth $1,458,000 after purchasing an additional 3,941 shares during the last quarter. Stratos Investment Management LLC grew its holdings in Comcast by 30.9% in the first quarter. Stratos Investment Management LLC now owns 30,434 shares of the cable giant’s stock worth $1,123,000 after purchasing an additional 7,185 shares during the last quarter. Finally, Flossbach Von Storch SE purchased a new position in Comcast in the first quarter worth $251,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $27.94 on Thursday. The firm has a market capitalization of $103.16 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $45.22. The company’s fifty day moving average price is $31.02 and its 200-day moving average price is $33.18.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Monday, March 13th. The cable giant reported $0.77 EPS for the quarter. Comcast had a net margin of 18.33% and a return on equity of 18.06%. The company had revenue of $30.34 billion for the quarter. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Shareholders of record on Wednesday, January 14th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, January 14th. Comcast’s dividend payout ratio is presently 21.96%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CMCSA shares. Cowen reaffirmed a “buy” rating on shares of Comcast in a report on Friday, October 31st. KeyCorp lowered shares of Comcast from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on shares of Comcast from $38.00 to $32.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Oppenheimer set a $38.00 price objective on shares of Comcast in a report on Tuesday. Finally, Moffett Nathanson boosted their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. Ten analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $36.29.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.