TrinityPoint Wealth LLC Makes New $240,000 Investment in Comcast Co. (NASDAQ:CMCSA)

TrinityPoint Wealth LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,746 shares of the cable giant’s stock, valued at approximately $240,000.

Several other institutional investors have also recently made changes to their positions in CMCSA. Edgestream Partners L.P. increased its position in shares of Comcast by 8.0% in the first quarter. Edgestream Partners L.P. now owns 47,974 shares of the cable giant’s stock valued at $2,080,000 after buying an additional 3,553 shares in the last quarter. Lake Street Advisors Group LLC raised its position in Comcast by 50.1% during the first quarter. Lake Street Advisors Group LLC now owns 46,838 shares of the cable giant’s stock worth $2,030,000 after acquiring an additional 15,634 shares during the period. Oxford Financial Group LTD. LLC lifted its holdings in Comcast by 8.1% during the first quarter. Oxford Financial Group LTD. LLC now owns 5,976 shares of the cable giant’s stock valued at $259,000 after purchasing an additional 449 shares in the last quarter. Pitcairn Co. grew its position in shares of Comcast by 4.7% in the first quarter. Pitcairn Co. now owns 59,903 shares of the cable giant’s stock valued at $2,597,000 after purchasing an additional 2,714 shares during the period. Finally, InterOcean Capital Group LLC increased its stake in shares of Comcast by 6.0% during the first quarter. InterOcean Capital Group LLC now owns 11,109 shares of the cable giant’s stock worth $482,000 after purchasing an additional 630 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, October 30th. Barclays increased their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, KeyCorp boosted their price target 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. One equities research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $46.88.

Comcast Stock Performance

Shares of Comcast stock opened at $43.00 on Tuesday. The business’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $39.93. 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 market cap of $164.54 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. Equities analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

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.