Circle Wealth Management LLC Has $2.89 Million Position in Comcast Co. (NASDAQ:CMCSA)

Circle Wealth Management LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSAGet Rating) by 1.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,701 shares of the cable giant’s stock after purchasing an additional 692 shares during the quarter. Circle Wealth Management LLC’s holdings in Comcast were worth $2,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Calton & Associates Inc. grew its holdings in Comcast by 3.1% during the first quarter. Calton & Associates Inc. now owns 7,021 shares of the cable giant’s stock worth $328,000 after buying an additional 212 shares in the last quarter. Pacifica Partners Inc. grew its stake in Comcast by 33.8% in the 1st quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock valued at $46,000 after purchasing an additional 250 shares during the period. Family Legacy Inc. grew its stake in Comcast by 5.5% in the 1st quarter. Family Legacy Inc. now owns 4,816 shares of the cable giant’s stock valued at $225,000 after purchasing an additional 250 shares during the period. Mascoma Wealth Management LLC grew its stake in Comcast by 7.9% in the 1st quarter. Mascoma Wealth Management LLC now owns 3,491 shares of the cable giant’s stock valued at $163,000 after purchasing an additional 257 shares during the period. Finally, Atticus Wealth Management LLC lifted its position in shares of Comcast by 9.0% during the 1st quarter. Atticus Wealth Management LLC now owns 3,119 shares of the cable giant’s stock valued at $146,000 after buying an additional 258 shares during the last quarter. 82.80% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA opened at $35.43 on Friday. The stock’s 50 day simple moving average is $38.78 and its 200 day simple moving average is $42.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Co. has a 1 year low of $33.74 and a 1 year high of $60.85. The firm has a market cap of $156.36 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.71 and a beta of 0.90.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The cable giant reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. Comcast had a return on equity of 16.67% and a net margin of 11.54%. The business had revenue of $30.02 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same period last year, the company earned $0.84 EPS. Comcast’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, analysts predict that Comcast Co. will post 3.63 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 5th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.08 annualized dividend and a yield of 3.05%. Comcast’s payout ratio is 35.29%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. TheStreet cut Comcast from a “b-” rating to a “c+” rating in a research report on Friday, July 29th. Wolfe Research cut Comcast from a “market perform” rating to an “underperform” rating and set a $39.00 price target on the stock. in a research report on Friday, July 29th. Redburn Partners cut Comcast from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 18th. Finally, Benchmark dropped their price objective on Comcast from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, June 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.17.

Comcast Profile

(Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

Featured Articles

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSAGet Rating).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.