Comcast Co. (NASDAQ:CMCSA) Shares Acquired by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co grew its stake in Comcast Co. (NASDAQ:CMCSA) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 200,280 shares of the cable giant’s stock after purchasing an additional 5,920 shares during the quarter. Comcast makes up 1.5% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 26th biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comcast were worth $8,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CMCSA. Fairscale Capital LLC purchased a new position in shares of Comcast in the second quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast during the second quarter worth about $27,000. IAG Wealth Partners LLC raised its stake in Comcast by 204.7% during the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after purchasing an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Finally, Archer Investment Corp increased its position in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 0.5 %

Shares of CMCSA traded up $0.19 during trading on Thursday, reaching $41.74. The company’s stock had a trading volume of 1,646,679 shares, compared to its average volume of 19,465,322. The company has a market cap of $163.77 billion, a price-to-earnings ratio of 10.99, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a fifty day moving average of $40.44 and a two-hundred day moving average of $39.45. 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 Co. has a twelve month low of $36.43 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter last year, the company posted $1.13 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CMCSA. Evercore ISI decreased their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. KeyCorp decreased their price objective on Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Macquarie restated a “neutral” rating and issued a $40.00 target price on shares of Comcast in a research note on Wednesday, July 24th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Scotiabank boosted their target price on Comcast from $47.25 to $47.75 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.58.

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.