AlphaCore Capital LLC Buys Shares of 17,340 Comcast Co. (NASDAQ:CMCSA)

AlphaCore Capital LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,340 shares of the cable giant's stock, valued at approximately $651,000.

Several other institutional investors also recently added to or reduced their stakes in CMCSA. Red Door Wealth Management LLC increased its position in Comcast by 18.7% during the 4th quarter. Red Door Wealth Management LLC now owns 10,244 shares of the cable giant's stock valued at $384,000 after purchasing an additional 1,615 shares during the period. Secure Asset Management LLC purchased a new position in Comcast during the 4th quarter valued at about $246,000. Apeiron RIA LLC purchased a new position in Comcast during the fourth quarter valued at approximately $637,000. Cerro Pacific Wealth Advisors LLC increased its holdings in Comcast by 8.9% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 12,715 shares of the cable giant's stock valued at $477,000 after buying an additional 1,040 shares during the period. Finally, Hengehold Capital Management LLC increased its holdings in shares of Comcast by 0.8% in the 4th quarter. Hengehold Capital Management LLC now owns 76,597 shares of the cable giant's stock valued at $2,875,000 after acquiring an additional 631 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.32 during trading hours on Wednesday, reaching $34.63. The company had a trading volume of 19,742,752 shares, compared to its average volume of 21,954,902. 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 business's 50 day moving average price is $34.78 and its 200-day moving average price is $36.87. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market cap of $129.30 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during 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%. Comcast's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Analyst Ratings Changes

Several equities analysts have issued reports on CMCSA shares. JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Benchmark dropped their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Finally, Barclays dropped their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.