Persium Advisors LLC Acquires 1,864 Shares of Comcast Corporation $CMCSA

Persium Advisors LLC boosted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 11.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,265 shares of the cable giant’s stock after purchasing an additional 1,864 shares during the period. Persium Advisors LLC’s holdings in Comcast were worth $652,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Sculati Wealth Management LLC grew its position in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after acquiring an additional 285 shares during the period. Toth Financial Advisory Corp grew its holdings in Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock valued at $134,000 after purchasing an additional 300 shares during the period. Clearstead Trust LLC increased its position in Comcast by 5.2% in the first quarter. Clearstead Trust LLC now owns 6,142 shares of the cable giant’s stock worth $227,000 after buying an additional 305 shares during the last quarter. Webster Bank N. A. raised its stake in shares of Comcast by 2.9% in the second quarter. Webster Bank N. A. now owns 10,809 shares of the cable giant’s stock valued at $386,000 after buying an additional 305 shares during the period. Finally, United Asset Strategies Inc. raised its stake in shares of Comcast by 2.2% in the first quarter. United Asset Strategies Inc. now owns 14,075 shares of the cable giant’s stock valued at $519,000 after buying an additional 308 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 1.0%

Shares of NASDAQ CMCSA opened at $33.06 on Monday. The stock has a market capitalization of $122.06 billion, a P/E ratio of 5.46, a PEG ratio of 1.98 and a beta of 0.93. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The firm’s 50 day simple moving average is $33.79 and its two-hundred day simple moving average is $34.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The company had revenue of $30.31 billion during the quarter, compared to analysts’ expectations of $29.81 billion. During the same quarter in the prior year, the company earned $1.21 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Investors of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio (DPR) is presently 21.82%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research reports. Arete Research upgraded Comcast to a “hold” rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn cut their target price on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Benchmark reissued a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Moffett Nathanson raised their price objective on shares of Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Citigroup reiterated a “buy” rating on shares of Comcast in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.56.

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.