Croban Makes New $835,000 Investment in Comcast Corporation (NASDAQ:CMCSA)

Croban bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 22,623 shares of the cable giant's stock, valued at approximately $835,000.

A number of other hedge funds have also made changes to their positions in CMCSA. Inlight Wealth Management LLC bought a new stake in Comcast during the 1st quarter worth about $26,000. Abound Financial LLC bought a new stake in Comcast during the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC grew 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 acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Comcast during the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 1.2%

NASDAQ CMCSA traded down $0.43 on Friday, reaching $34.99. The company had a trading volume of 16,862,759 shares, compared to its average volume of 21,974,051. The firm has a market capitalization of $130.64 billion, a price-to-earnings ratio of 8.60, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company's fifty day moving average is $34.95 and its 200-day moving average is $35.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company 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 business posted $1.04 EPS. The company's quarterly revenue was down .6% on a year-over-year basis. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CMCSA shares. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Scotiabank lifted their price target on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research report on Friday. BNP Paribas Exane lowered their price target on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Oppenheimer lowered their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.98.

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.