Krilogy Financial LLC Buys 28,727 Shares of Comcast Corporation $CMCSA

Krilogy Financial LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 148.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,077 shares of the cable giant’s stock after buying an additional 28,727 shares during the period. Krilogy Financial LLC’s holdings in Comcast were worth $1,046,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Douglas Lane & Associates LLC raised its stake in shares of Comcast by 16.6% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,549,714 shares of the cable giant’s stock worth $55,482,000 after buying an additional 363,552 shares in the last quarter. Saudi Central Bank boosted its stake in Comcast by 87.2% during the second quarter. Saudi Central Bank now owns 251,190 shares of the cable giant’s stock valued at $6,167,000 after buying an additional 117,038 shares in the last quarter. Nykredit A S bought a new position in Comcast during the second quarter valued at about $137,515,000. Inceptionr LLC acquired a new position in Comcast during the first quarter worth about $660,000. Finally, Bank of America Corp DE grew its holdings in Comcast by 10.2% during the first quarter. Bank of America Corp DE now owns 40,864,921 shares of the cable giant’s stock worth $1,173,232,000 after acquiring an additional 3,783,234 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 0.6%

Shares of Comcast stock traded up $0.13 during trading on Friday, hitting $21.90. The stock had a trading volume of 29,589,305 shares, compared to its average volume of 32,739,894. Comcast Corporation has a 1 year low of $20.48 and a 1 year high of $32.85. The stock has a 50 day simple moving average of $24.14 and a 200 day simple moving average of $24.84. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $77.72 billion, a PE ratio of 7.09, a P/E/G ratio of 1.56 and a beta of 0.68.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 23rd. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Comcast had a net margin of 8.97% and a return on equity of 14.77%. The business had revenue of $29.94 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. On average, research analysts expect that Comcast Corporation will post 3.49 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Wednesday, October 7th. Comcast’s payout ratio is 42.72%.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $31.00 price target on shares of Comcast in a report on Friday, July 24th. BNP Paribas Exane lowered their price objective on shares of Comcast from $25.00 to $22.00 and set an “underperform” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada set a $26.00 target price on shares of Comcast and gave the stock a “sector perform” rating in a report on Friday, July 24th. Weiss Ratings lowered shares of Comcast from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Comcast from a “hold” rating to a “buy” rating and reduced their target price for the stock from $34.00 to $32.00 in a report on Tuesday, June 30th. Eleven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Comcast has a consensus rating of “Hold” and an average target price of $30.81.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a global media and communications company headquartered in Philadelphia, Pennsylvania. Its businesses include broadband internet, wireless services, video, voice, and business connectivity services, primarily marketed under the Xfinity brand in the United States. Comcast also provides advertising and related technology services to businesses and media organizations.

Through NBCUniversal, Comcast operates national and local television networks, broadcast network NBC, Spanish-language network Telemundo, the Peacock streaming service, and a portfolio of film and television production businesses.