Providence Capital Advisors LLC Has $6.19 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Providence Capital Advisors LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 148,172 shares of the cable giant’s stock after buying an additional 5,000 shares during the quarter. Providence Capital Advisors LLC’s holdings in Comcast were worth $6,189,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. FMR LLC grew its holdings in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Comcast by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after purchasing an additional 1,000,626 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Comcast by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after purchasing an additional 416,759 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after acquiring an additional 822,936 shares during the period. Finally, First Pacific Advisors LP raised its position in Comcast by 2.1% in the second quarter. First Pacific Advisors LP now owns 10,818,009 shares of the cable giant’s stock worth $423,633,000 after acquiring an additional 219,894 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $42.56 on Thursday. The company has a 50 day moving average of $42.18 and a 200 day moving average of $40.12. The stock has a market cap of $162.86 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.63 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 current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm 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 $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.91%. Comcast’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMCSA. Macquarie lifted their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.19.

Check Out Our Latest Stock Analysis on Comcast

Comcast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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