Revisor Wealth Management LLC Purchases Shares of 27,382 Comcast Corporation $CMCSA

Key Points

• Revisor Wealth Management LLC bought a new stake in Comcast Corporation, acquiring 27,382 shares worth approximately $979,000 during the 2nd quarter.
• Comcast recently reported $1.25 earnings per share for the prior quarter, surpassing analysts' expectations of $1.18, with a revenue increase of 2.1% year-over-year.
• The company plans to pay a quarterly dividend of $0.33 on October 22nd, which equates to an annualized yield of 4.2%.

Revisor Wealth Management LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,382 shares of the cable giant's stock, valued at approximately $979,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC purchased a new stake in shares of Comcast during the 1st quarter worth about $26,000. Ransom Advisory Ltd purchased a new stake in shares of Comcast during the 1st quarter worth about $29,000. Abound Financial LLC purchased a new stake in shares of Comcast during the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC grew its holdings in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Finally, Global Wealth Strategies & Associates grew its holdings in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CMCSA shares. Citigroup reiterated a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. Loop Capital reduced their price target on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Monday. Barclays reduced their price target on Comcast from $35.00 to $34.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Moffett Nathanson upped their target price on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $40.22.

Comcast Trading Down 0.3%

NASDAQ:CMCSA opened at $31.49 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The firm has a market capitalization of $116.27 billion, a price-to-earnings ratio of 5.20, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. The stock has a fifty day simple moving average of $33.37 and a 200 day simple moving average of $34.41.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter last year, the company posted $1.21 EPS. Comcast's revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's dividend payout ratio is currently 21.82%.

About Comcast

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.

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