Legacy Advisory Services LLC Purchases Shares of 12,017 Comcast Corporation $CMCSA

Key Points

• Legacy Advisory Services LLC has acquired 12,017 shares of Comcast Corporation, valued at approximately $443,000, as reported in its recent SEC filing.
• Comcast recently declared a quarterly dividend of $0.33 per share, with a yield of 3.9%, to be paid on October 22nd.
• Institutional investors and hedge funds now own 84.32% of Comcast's stock, indicating strong institutional interest in the company.

Legacy Advisory Services LLC purchased a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,017 shares of the cable giant's stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dodge & Cox boosted its holdings in Comcast by 19.1% during the first quarter. Dodge & Cox now owns 94,217,741 shares of the cable giant's stock worth $3,476,635,000 after buying an additional 15,115,074 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Comcast by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,356,027 shares of the cable giant's stock worth $1,326,912,000 after buying an additional 4,991,891 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Comcast by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,636,264 shares of the cable giant's stock worth $1,240,955,000 after buying an additional 926,663 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Comcast by 1.9% during the fourth quarter. Nuveen Asset Management LLC now owns 26,055,944 shares of the cable giant's stock worth $977,880,000 after buying an additional 497,829 shares during the last quarter. Finally, Nuveen LLC bought a new position in Comcast during the first quarter worth about $940,015,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Down 1.0%

Comcast stock traded down $0.34 during midday trading on Friday, reaching $33.06. The stock had a trading volume of 23,842,060 shares, compared to its average volume of 23,998,037. The firm's fifty day simple moving average is $33.85 and its 200-day simple moving average is $34.62. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31. The stock has a market capitalization of $122.06 billion, a P/E ratio of 5.46, 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 quick ratio of 0.91 and a current ratio of 0.91.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) 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 business had revenue of $30.31 billion for the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. Comcast's quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on CMCSA shares. Arete Research upgraded Comcast to a "hold" rating in a report on Tuesday, July 8th. Citigroup restated a "buy" rating on shares of Comcast in a report on Tuesday, August 26th. UBS Group dropped their price target on Comcast from $40.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, August 1st. Morgan Stanley dropped their price target on Comcast from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, August 4th. Finally, Benchmark reaffirmed a "buy" rating on shares of Comcast in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $40.56.

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.