Comcast Corporation $CMCSA Stock Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 247,193 shares of the cable giant’s stock after buying an additional 23,473 shares during the quarter. D.A. Davidson & CO.’s holdings in Comcast were worth $5,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. DecisionPoint Financial LLC increased its holdings in Comcast by 6,310.7% in the 3rd quarter. DecisionPoint Financial LLC now owns 1,795 shares of the cable giant’s stock worth $39,000 after acquiring an additional 1,767 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Comcast by 181.4% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 11,066 shares of the cable giant’s stock valued at $241,000 after purchasing an additional 7,133 shares during the period. North Dakota State Investment Board increased its stake in shares of Comcast by 1.0% during the third quarter. North Dakota State Investment Board now owns 108,580 shares of the cable giant’s stock worth $2,363,000 after purchasing an additional 1,105 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in Comcast by 9.0% in the 3rd quarter. North Star Investment Management Corp. now owns 48,864 shares of the cable giant’s stock worth $1,063,000 after buying an additional 4,054 shares during the last quarter. Finally, Lynx Investment Advisory boosted its holdings in Comcast by 78.6% in the 3rd quarter. Lynx Investment Advisory now owns 23,714 shares of the cable giant’s stock worth $516,000 after buying an additional 10,437 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and issued a $31.00 target price on shares of Comcast in a research report on Monday, October 19th. Freedom Broker dropped their target price on shares of Comcast from $29.00 to $25.00 and set a “hold” rating for the company in a report on Monday, October 26th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $23.00 target price on shares of Comcast in a research report on Tuesday, October 13th. Wells Fargo & Company set a $23.00 price target on shares of Comcast and gave the stock an “underweight” rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $23.00 target price on shares of Comcast in a research note on Thursday, October 22nd. Ten investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.17.

Comcast Stock Up 4.3%

Shares of NASDAQ:CMCSA opened at $23.22 on Friday. The company has a market capitalization of $82.45 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.64 and a beta of 0.68. Comcast Corporation has a 12-month low of $20.48 and a 12-month high of $32.85. The business has a 50-day moving average price of $23.40 and a 200 day moving average price of $26.09. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 22nd. The cable giant reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.08. The company had revenue of $29.30 billion during the quarter, compared to analyst estimates of $29.22 billion. Comcast had a net margin of 9.20% and a return on equity of 14.64%. Comcast’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. Sell-side analysts expect that Comcast Corporation will post 3.54 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Stockholders of record on Wednesday, January 6th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Wednesday, January 6th. Comcast’s dividend payout ratio (DPR) is currently 41.77%.

Comcast Profile

Comcast Corporation is a global media and communications company headquartered in Philadelphia, Pennsylvania. Founded in 1963 as American Cable Systems, the company grew through the expansion of cable television and broadband services and adopted the Comcast name in 1969.

Through its Connectivity & Platforms businesses, Comcast provides residential and business customers with broadband internet, video, voice, mobile and related services. Its Xfinity brand offers internet, television, streaming and wireless products in the United States, while Comcast Business serves commercial and enterprise customers with connectivity, communications and technology solutions.