13,230 Shares in Comcast Corporation $CMCSA Bought by Westfuller Advisors LLC

Key Points

• Westfuller Advisors LLC has acquired a new stake in Comcast Corporation, purchasing 13,230 shares valued at approximately $472,000 in the second quarter.
• Comcast recently reported earnings of $1.25 per share for the quarter, exceeding estimates, with revenue of $30.31 billion, reflecting a 2.1% increase year-over-year.
• The company announced a quarterly dividend of $0.33 per share, resulting in an annualized dividend yield of 4.2%, with a payout ratio of 21.82%.

Westfuller Advisors LLC acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,230 shares of the cable giant's stock, valued at approximately $472,000.

Several other hedge funds have also recently bought and sold shares of CMCSA. Inlight Wealth Management LLC acquired a new stake in Comcast during the first quarter worth approximately $26,000. Abound Financial LLC acquired a new stake in shares of Comcast in the first quarter valued at approximately $29,000. Ransom Advisory Ltd acquired a new stake in shares of Comcast in the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC raised its position in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares in the last quarter. Finally, Global Wealth Strategies & Associates raised its position in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CMCSA. Rothschild & Co Redburn dropped their price target on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Barclays dropped their price target on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Rosenblatt Securities lifted their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Citigroup reissued a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Finally, Scotiabank lifted their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Comcast currently has an average rating of "Hold" and an average target price of $40.22.

Comcast Stock Performance

CMCSA traded down $0.10 on Monday, hitting $31.49. The company's stock had a trading volume of 36,351,866 shares, compared to its average volume of 24,244,691. The company's 50 day simple moving average is $33.45 and its 200-day simple moving average is $34.46. The firm has a market cap of $116.27 billion, a P/E ratio of 5.20, a price-to-earnings-growth ratio of 1.89 and a beta of 0.93. Comcast Corporation has a 12 month low of $31.03 and a 12 month high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. The company had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. Comcast's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. Analysts forecast that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued 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 (DPR) is presently 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.