AlphaCore Capital LLC Invests $651,000 in Comcast Co. (NASDAQ:CMCSA)

AlphaCore Capital LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 17,340 shares of the cable giant's stock, valued at approximately $651,000.

A number of other hedge funds have also recently modified their holdings of the business. Promus Capital LLC purchased a new position in shares of Comcast during the 4th quarter valued at $25,000. Roxbury Financial LLC purchased a new stake in Comcast in the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter worth $28,000. Mpwm Advisory Solutions LLC purchased a new stake in Comcast in the 4th quarter worth $33,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter worth $36,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Up 1.2%

Shares of NASDAQ:CMCSA traded up $0.43 on Tuesday, reaching $34.95. The company had a trading volume of 22,017,079 shares, compared to its average volume of 21,963,748. The firm has a market capitalization of $130.49 billion, a PE ratio of 8.42, a PEG ratio of 1.78 and a beta of 0.97. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The firm's 50 day simple moving average is $34.81 and its 200-day simple moving average is $36.89.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.78%. Comcast's payout ratio is 32.43%.

Wall Street Analysts Forecast Growth

Several analysts have commented on CMCSA shares. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Oppenheimer reduced their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Finally, Citigroup reduced their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.10.

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.