Sugarloaf Wealth Management LLC Acquires 375 Shares of Comcast Co. (NASDAQ:CMCSA)

Sugarloaf Wealth Management LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 9.2% in the 3rd quarter, Holdings Channel reports. The firm owned 4,444 shares of the cable giant’s stock after buying an additional 375 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Comcast were worth $186,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CMCSA. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the 2nd quarter valued at $27,000. IAG Wealth Partners LLC lifted its stake in shares of Comcast by 204.7% in 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 during the last quarter. Finally, Pineridge Advisors LLC bought a new position in shares of Comcast in the 4th quarter valued at $32,000. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMCSA shares. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a report on Tuesday, June 11th. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, July 24th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Barclays decreased their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.55.

Comcast Stock Up 0.8 %

Shares of CMCSA stock traded up $0.32 on Tuesday, reaching $40.88. 5,485,642 shares of the company were exchanged, compared to its average volume of 19,801,373. The company has a market cap of $160.40 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.08 and a beta of 1.01. The company has a 50-day moving average of $39.94 and a 200-day moving average of $39.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66. Comcast Co. has a one year low of $36.43 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The company had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.03%. Comcast’s payout ratio is 32.80%.

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.