OneAscent Wealth Management LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

OneAscent Wealth Management LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,613 shares of the cable giant’s stock after acquiring an additional 305 shares during the period. OneAscent Wealth Management LLC’s holdings in Comcast were worth $485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Fairscale Capital LLC purchased a new position in shares of Comcast during the 2nd quarter valued at about $26,000. McClarren Financial Advisors Inc. raised its holdings 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 buying an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares in the last quarter. IAG Wealth Partners LLC raised its holdings 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 buying an additional 522 shares in the last quarter. Finally, Archer Investment Corp grew its position in Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, October 30th. Finally, Barclays raised their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Comcast Stock Up 0.6 %

Shares of NASDAQ CMCSA traded up $0.27 during mid-day trading on Monday, hitting $43.15. 896,057 shares of the stock traded hands, compared to its average volume of 19,541,252. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a market cap of $165.12 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.63 and a beta of 1.00. The stock has a fifty day moving average price of $41.61 and a 200-day moving average price of $39.89.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the company posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Comcast Company 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.