Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Bard Financial Services Inc.

Bard Financial Services Inc. lifted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,215 shares of the cable giant's stock after acquiring an additional 14,805 shares during the quarter. Bard Financial Services Inc.'s holdings in Comcast were worth $6,687,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CMCSA. Promus Capital LLC bought a new position in Comcast in the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter worth approximately $28,000. Retirement Wealth Solutions LLC increased 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 worth $30,000 after purchasing an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC bought a new stake in Comcast during the 4th quarter valued at $33,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of Comcast stock traded up $0.03 on Thursday, hitting $35.21. The company's stock had a trading volume of 4,641,448 shares, compared to its average volume of 22,010,778. The company has a market capitalization of $131.46 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The firm has a fifty day moving average price of $34.38 and a 200-day moving average price of $36.26. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

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

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.75%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Rosenblatt Securities restated a "neutral" rating and set a $36.00 target price on shares of Comcast in a report on Monday, April 28th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley set a $37.00 target price on Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast has a consensus rating of "Moderate Buy" and an average price target of $42.10.

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.