4,810 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by New Covenant Trust Company N.A.

by · The Cerbat Gem

New Covenant Trust Company N.A. bought a new position in Comcast Co. (NASDAQ:CMCSA – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,810 shares of the cable giant’s stock, valued at approximately $200,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fairscale Capital LLC bought a new position in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast during the 2nd quarter worth about $27,000. IAG Wealth Partners LLC boosted its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its position in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.3 %

CMCSA opened at $43.56 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. The company has a market cap of $168.69 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. The firm has a 50 day simple moving average of $40.80 and a 200 day simple moving average of $39.58. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. On average, sell-side analysts anticipate that Comcast Co. will post 4.24 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.85%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 32.98%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 24th. Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. Pivotal Research boosted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a research report on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.63.

View Our Latest Report on CMCSA

Comcast Company Profile

(Free Report)

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.

See Also

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