180 Wealth Advisors LLC Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

180 Wealth Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,194 shares of the cable giant's stock after buying an additional 8,255 shares during the quarter. Comcast accounts for approximately 0.8% of 180 Wealth Advisors LLC's holdings, making the stock its 24th biggest position. 180 Wealth Advisors LLC's holdings in Comcast were worth $5,247,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bowman & Co S.C. grew its stake in shares of Comcast by 7.0% during the 1st quarter. Bowman & Co S.C. now owns 36,271 shares of the cable giant's stock valued at $1,338,000 after purchasing an additional 2,358 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Comcast by 10.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 60,769 shares of the cable giant's stock valued at $2,242,000 after purchasing an additional 5,801 shares during the period. Marion Wealth Management grew its stake in shares of Comcast by 17.8% during the 1st quarter. Marion Wealth Management now owns 68,413 shares of the cable giant's stock valued at $2,524,000 after purchasing an additional 10,354 shares during the period. Investors Research Corp grew its stake in shares of Comcast by 8.3% during the 1st quarter. Investors Research Corp now owns 22,900 shares of the cable giant's stock valued at $845,000 after purchasing an additional 1,750 shares during the period. Finally, Somerset Trust Co grew its stake in shares of Comcast by 10.2% during the 1st quarter. Somerset Trust Co now owns 66,151 shares of the cable giant's stock valued at $2,441,000 after purchasing an additional 6,134 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. UBS Group set a $44.50 price objective on Comcast in a research note on Friday, April 25th. Scotiabank reiterated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two investment 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

Shares of CMCSA traded down $0.14 during mid-day trading on Thursday, hitting $34.30. 8,702,249 shares of the stock were exchanged, compared to its average volume of 25,915,771. The company has a market cap of $128.07 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The firm has a 50-day moving average of $34.48 and a two-hundred day moving average of $36.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations 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 prior year, the firm earned $1.04 EPS. On average, equities analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. Comcast's dividend payout ratio (DPR) is 32.43%.

Comcast Company 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.