Integral Investment Advisors Inc. Invests $632,000 in Comcast Co. (NASDAQ:CMCSA)

Integral Investment Advisors Inc. bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,128 shares of the cable giant's stock, valued at approximately $632,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at $28,000. Retirement Wealth Solutions LLC lifted its holdings in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. 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 research report on Monday, April 28th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.09 during trading on Thursday, reaching $35.27. The company had a trading volume of 14,182,457 shares, compared to its average volume of 22,047,683. The company has a market capitalization of $131.69 billion, a PE ratio of 8.50, a PEG ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm's 50 day simple moving average is $34.38 and its two-hundred day simple moving average is $36.26. Comcast Co. has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. Sell-side analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.74%. Comcast's payout ratio is currently 32.43%.

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.