Blake Schutter Theil Wealth Advisors LLC Takes $726,000 Position in Comcast Co. (NASDAQ:CMCSA)

Blake Schutter Theil Wealth Advisors LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,389 shares of the cable giant’s stock, valued at approximately $726,000.

A number of other large investors also recently made changes to their positions in the business. CFO4Life Group LLC raised its stake in Comcast by 20.6% during the first quarter. CFO4Life Group LLC now owns 8,911 shares of the cable giant’s stock worth $386,000 after purchasing an additional 1,520 shares during the period. Duality Advisers LP purchased a new position in shares of Comcast in the 1st quarter worth $436,000. Empirical Finance LLC boosted its holdings in Comcast by 3.2% in the first quarter. Empirical Finance LLC now owns 155,020 shares of the cable giant’s stock valued at $6,720,000 after acquiring an additional 4,795 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Comcast by 11.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 494,170 shares of the cable giant’s stock worth $21,422,000 after acquiring an additional 50,698 shares during the last quarter. Finally, Stokes Family Office LLC raised its holdings in shares of Comcast by 5.7% in the 1st quarter. Stokes Family Office LLC now owns 23,763 shares of the cable giant’s stock worth $1,030,000 after purchasing an additional 1,285 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research reports. Macquarie restated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Friday, November 1st. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Barclays boosted their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.75.

Comcast Stock Up 6.1 %

Shares of NASDAQ:CMCSA opened at $45.14 on Thursday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company’s fifty day moving average is $41.00 and its two-hundred day moving average is $39.66. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $174.80 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.14 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.27 EPS for the current year.

Comcast Dividend Announcement

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

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.