Valley Wealth Managers Inc. Acquires 1,271 Shares of Comcast Co. (NASDAQ:CMCSA)

Valley Wealth Managers Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 88,662 shares of the cable giant’s stock after purchasing an additional 1,271 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Comcast were worth $3,703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CMCSA. 1ST Source Bank lifted its holdings in shares of Comcast by 2.5% in the 1st quarter. 1ST Source Bank now owns 24,590 shares of the cable giant’s stock worth $1,066,000 after acquiring an additional 608 shares during the last quarter. Banco Santander S.A. increased its stake in Comcast by 0.4% in the 1st quarter. Banco Santander S.A. now owns 235,642 shares of the cable giant’s stock worth $10,215,000 after buying an additional 982 shares during the period. M&G Plc purchased a new position in Comcast in the 1st quarter worth about $88,223,000. Prevail Innovative Wealth Advisors LLC purchased a new position in Comcast in the 1st quarter worth about $2,238,000. Finally, Councilmark Asset Management LLC purchased a new position in Comcast in the 1st quarter worth about $1,185,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded down $0.11 during trading hours on Friday, hitting $43.37. The stock had a trading volume of 1,966,154 shares, compared to its average volume of 19,550,268. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a 50-day moving average price of $41.54 and a 200 day moving average price of $39.84. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market capitalization of $165.96 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.66 and a beta of 1.00.

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

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CMCSA shares. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Macquarie reissued a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft raised 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, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $46.75.

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.