Inscription Capital LLC Makes New Investment in Comcast Corporation (NASDAQ:CMCSA)

Inscription Capital LLC purchased a new position in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,231 shares of the cable giant's stock, valued at approximately $968,000.

Other hedge funds have also recently bought and sold shares of the company. Promus Capital LLC purchased a new position in shares of Comcast during the 4th quarter worth approximately $25,000. 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 valued at $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast during the fourth quarter worth $33,000. Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter valued at $36,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 0.8%

NASDAQ CMCSA traded up $0.27 on Friday, reaching $34.53. The company had a trading volume of 42,689,303 shares, compared to its average volume of 22,076,348. The firm has a market capitalization of $128.92 billion, a PE ratio of 8.48, a P/E/G ratio of 1.67 and a beta of 0.95. The firm has a 50-day moving average of $34.49 and a 200-day moving average of $35.92. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several analyst reports. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $37.00 to $31.00 in a report on Monday, April 14th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Finally, Scotiabank reiterated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.