Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,886 shares of the cable giant’s stock after acquiring an additional 4,630 shares during the period. Capital Investment Advisors LLC’s holdings in Comcast were worth $2,025,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Promus Capital LLC bought a new stake in shares of Comcast in the 4th quarter valued at approximately $25,000. Roxbury Financial LLC bought a new position in Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the fourth quarter worth $28,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast during the fourth quarter worth $33,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.4%

Shares of NASDAQ:CMCSA opened at $34.70 on Monday. The company has a 50 day moving average of $34.39 and a 200-day moving average of $36.33. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $129.56 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.95. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s payout ratio is currently 32.43%.

Analyst Ratings Changes

Several research firms have recently commented on CMCSA. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Morgan Stanley set a $37.00 target price on Comcast in a report on Friday, April 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. UBS Group set a $44.50 price target on Comcast in a report on Friday, April 25th. Finally, Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.10.

About Comcast

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.