Fiduciary Family Office LLC Invests $494,000 in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Fiduciary Family Office LLC has made a new investment in Comcast Corporation, acquiring 13,400 shares valued at approximately $494,000.
• Comcast recently reported earnings of $1.25 per share for the quarter, exceeding analysts' expectations of $1.18 and achieving a revenue of $30.31 billion.
• The company announced a quarterly dividend of $0.33 per share, which corresponds to an annual yield of 4.2%.

Fiduciary Family Office LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,400 shares of the cable giant's stock, valued at approximately $494,000.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Brighton Jones LLC raised its holdings in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares during the period. FIL Ltd raised its holdings in shares of Comcast by 5.4% during the 4th quarter. FIL Ltd now owns 556,273 shares of the cable giant's stock valued at $20,877,000 after buying an additional 28,527 shares during the period. Rockefeller Capital Management L.P. raised its holdings in shares of Comcast by 6.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 345,592 shares of the cable giant's stock valued at $12,990,000 after buying an additional 21,161 shares during the period. Nicolet Bankshares Inc. raised its holdings in shares of Comcast by 3.2% during the 4th quarter. Nicolet Bankshares Inc. now owns 27,599 shares of the cable giant's stock valued at $1,036,000 after buying an additional 855 shares during the period. Finally, Crux Wealth Advisors purchased a new stake in shares of Comcast during the 4th quarter valued at about $1,147,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock traded up $0.84 during trading on Wednesday, hitting $32.94. The stock had a trading volume of 29,643,341 shares, compared to its average volume of 24,426,775. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $121.62 billion, a P/E ratio of 5.44, a PEG ratio of 1.89 and a beta of 0.92. The business has a fifty day moving average of $34.44 and a two-hundred day moving average of $34.86. Comcast Corporation has a fifty-two week low of $31.03 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The company had revenue of $30.31 billion for the quarter, compared to analyst estimates of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%. Comcast's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.21 earnings per share. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is presently 21.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CMCSA shares. Arete Research upgraded Comcast to a "hold" rating in a report on Tuesday, July 8th. Barclays dropped their price objective on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Morgan Stanley dropped their price objective on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, August 4th. TD Cowen dropped their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Bernstein Bank dropped their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $40.73.

Comcast 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.