Crewe Advisors LLC Has $132,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Crewe Advisors LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,161 shares of the cable giant’s stock after selling 354 shares during the period. Crewe Advisors LLC’s holdings in Comcast were worth $132,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in Comcast in the second quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at approximately $27,000. IAG Wealth Partners LLC grew its holdings in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp lifted its stake in Comcast by 177.1% in the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. Wells Fargo & Company boosted their target price on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Pivotal Research boosted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Benchmark reissued a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Stock Performance

Shares of CMCSA opened at $43.47 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm’s fifty day simple moving average is $41.98 and its two-hundred day simple moving average is $40.04. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The stock has a market capitalization of $166.34 billion, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping 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 business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given 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 dividend yield of 2.85%. Comcast’s payout ratio is presently 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.