eCIO Inc. Takes $167,000 Position in Comcast Corporation $CMCSA

eCIO Inc. acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,520 shares of the cable giant’s stock, valued at approximately $167,000.

Other hedge funds have also bought and sold shares of the company. Inlight Wealth Management LLC acquired a new position in Comcast during the first quarter worth approximately $26,000. Abound Financial LLC bought a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Ransom Advisory Ltd acquired a new position in shares of Comcast during the 1st quarter worth approximately $29,000. Retirement Wealth Solutions LLC raised its stake in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Comcast during the 4th quarter valued at $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CMCSA shares. Sanford C. Bernstein dropped their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday. Arete Research upgraded shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Rosenblatt Securities raised their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Moffett Nathanson boosted their price objective on Comcast from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday, June 12th. Finally, Rothschild & Co Redburn decreased their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $40.56.

Comcast Price Performance

Comcast stock opened at $33.40 on Friday. The firm has a market cap of $123.32 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The stock’s fifty day moving average price is $33.85 and its two-hundred day moving average price is $34.62. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same period in the prior year, the company posted $1.21 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, October 1st. Comcast’s dividend payout ratio is presently 21.82%.

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.