Ashton Thomas Securities LLC Acquires 28,813 Shares of Comcast Corporation $CMCSA

Key Points

• Ashton Thomas Securities LLC increased its stake in Comcast Corporation by 72.5% during the first quarter, acquiring an additional 28,813 shares, bringing their total holdings to 68,570 shares worth approximately $2.53 million.
• Comcast recently posted quarterly earnings of $1.25 per share, exceeding analysts' expectations of $1.18, with a year-over-year revenue growth of 2.1% to $30.31 billion.
• The company has announced a quarterly dividend of $0.33 per share, which will be paid on October 22nd, representing an annualized yield of 3.9%.

Ashton Thomas Securities LLC lifted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 72.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,570 shares of the cable giant's stock after purchasing an additional 28,813 shares during the period. Ashton Thomas Securities LLC's holdings in Comcast were worth $2,530,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advisor OS LLC increased its holdings in Comcast by 33.2% during the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock worth $1,308,000 after buying an additional 8,841 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake in shares of Comcast by 10.2% in the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock worth $47,254,000 after purchasing an additional 118,839 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new position in shares of Comcast in the first quarter worth about $335,000. DAVENPORT & Co LLC increased its stake in shares of Comcast by 41.7% in the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock worth $157,766,000 after purchasing an additional 1,261,278 shares in the last quarter. Finally, American Financial Group Inc. increased its stake in shares of Comcast by 29.0% in the first quarter. American Financial Group Inc. now owns 267,000 shares of the cable giant's stock worth $9,852,000 after purchasing an additional 60,000 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Down 0.1%

NASDAQ CMCSA traded down $0.04 during trading on Friday, hitting $33.91. The company had a trading volume of 21,111,306 shares, compared to its average volume of 19,302,668. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The company has a market cap of $125.20 billion, a price-to-earnings ratio of 5.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.93. The company's fifty day moving average is $34.03 and its 200-day moving average is $34.69.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 EPS for the quarter, topping the consensus estimate of $1.18 by $0.07. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same period in the prior year, the business earned $1.21 EPS. The company's revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 3.9%. Comcast's dividend payout ratio is 21.82%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CMCSA shares. Citigroup reiterated a "buy" rating on shares of Comcast in a research note on Tuesday, August 26th. Barclays reduced their price objective on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Morgan Stanley reduced their price objective on shares of Comcast from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, August 4th. UBS Group cut their price target on shares of Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a research note on Friday, August 1st. Finally, Rothschild & Co Redburn cut their price target on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Comcast currently has an average rating of "Hold" and a consensus price target of $40.73.

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.