Avidian Wealth Enterprises LLC Buys 327 Shares of Comcast Co. (NASDAQ:CMCSA)

Avidian Wealth Enterprises LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 16,058 shares of the cable giant’s stock after purchasing an additional 327 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Comcast were worth $671,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. boosted its holdings in Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after purchasing an additional 249 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its stake in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after acquiring an additional 260 shares during the period. Greenwich Wealth Management LLC increased its position in Comcast by 2.7% during the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 261 shares during the last quarter. Finally, Saxon Interests Inc. lifted its holdings in Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after acquiring an additional 262 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 6.1 %

NASDAQ:CMCSA opened at $45.14 on Thursday. The stock has a market capitalization of $174.80 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.14 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $41.00 and a 200 day moving average of $39.66.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Comcast Co. will post 4.27 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.75%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMCSA. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $46.75.

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.