Oak Harbor Wealth Partners LLC Buys 3,865 Shares of Comcast Co. (NASDAQ:CMCSA)

Oak Harbor Wealth Partners LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 44,232 shares of the cable giant’s stock after buying an additional 3,865 shares during the period. Oak Harbor Wealth Partners LLC’s holdings in Comcast were worth $1,848,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CMCSA. Fairscale Capital LLC bought a new position in shares of Comcast in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new position in Comcast during the second quarter valued at $27,000. IAG Wealth Partners LLC grew its holdings in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp grew its holdings in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Macquarie restated a “neutral” rating and set a $40.00 target price on shares of Comcast in a research report on Friday, November 1st. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company increased their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

Comcast Trading Down 1.0 %

NASDAQ CMCSA opened at $43.48 on Friday. The stock’s 50-day simple moving average is $41.47 and its two-hundred day simple moving average is $39.82. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $166.38 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.66 and a beta of 1.00.

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 analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.85%. Comcast’s dividend payout ratio (DPR) is currently 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.