Archford Capital Strategies LLC Has $2.86 Million Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Archford Capital Strategies LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 137.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,386 shares of the cable giant's stock after acquiring an additional 44,829 shares during the quarter. Archford Capital Strategies LLC's holdings in Comcast were worth $2,856,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CMCSA. Norges Bank acquired a new stake in Comcast during the fourth quarter worth about $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast in the fourth quarter valued at approximately $743,681,000. Amundi raised its position in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares during the period. Capital World Investors lifted its holdings in shares of Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CMCSA. Oppenheimer lowered 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. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Barclays cut their price objective 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. Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 1.1%

CMCSA stock traded up $0.37 during midday trading on Thursday, reaching $35.21. The company had a trading volume of 15,953,947 shares, compared to its average volume of 21,984,276. The company has a 50 day moving average of $34.55 and a two-hundred day moving average of $35.70. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The company has a market capitalization of $131.46 billion, a P/E ratio of 8.65, a PEG ratio of 1.70 and a beta of 0.95.

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

Comcast Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. Comcast's dividend payout ratio (DPR) is 32.43%.

Comcast 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.