Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Archer Investment Corp

Archer Investment Corp lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 177.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 812 shares of the cable giant’s stock after purchasing an additional 519 shares during the quarter. Archer Investment Corp’s holdings in Comcast were worth $32,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Luken Investment Analytics LLC increased its position in shares of Comcast by 258.0% during the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after purchasing an additional 418 shares during the period. Steph & Co. grew its holdings in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after acquiring an additional 371 shares during the period. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the fourth quarter worth about $28,000. IAG Wealth Partners LLC lifted its holdings in 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 acquired a new position in shares of Comcast in the 4th quarter worth approximately $32,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Down 2.1 %

CMCSA stock opened at $38.67 on Thursday. The company has a 50 day moving average of $39.20 and a two-hundred day moving average of $39.86. The company has a market cap of $151.73 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 1.05 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

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, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, equities analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.21%. Comcast’s dividend payout ratio is currently 32.80%.

Analysts Set New Price Targets

A number of analysts recently weighed in on CMCSA shares. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Monday, May 13th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, July 24th. Pivotal Research cut their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Hold” and a consensus price target of $45.78.

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.