Boston Common Asset Management LLC Raises Position in Comcast Co. (NASDAQ:CMCSA)

Boston Common Asset Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 43.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,664 shares of the cable giant's stock after acquiring an additional 68,722 shares during the period. Boston Common Asset Management LLC's holdings in Comcast were worth $8,401,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Marcum Wealth LLC grew its holdings in Comcast by 5.2% during the first quarter. Marcum Wealth LLC now owns 34,716 shares of the cable giant's stock valued at $1,281,000 after purchasing an additional 1,713 shares during the period. Global Wealth Strategies & Associates lifted its position in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares in the last quarter. Cullen Investment Group LTD. lifted its position in shares of Comcast by 5.6% during the 1st quarter. Cullen Investment Group LTD. now owns 254,302 shares of the cable giant's stock valued at $9,384,000 after buying an additional 13,540 shares in the last quarter. Milestone Asset Management Group LLC purchased a new position in shares of Comcast during the 4th quarter valued at about $372,000. Finally, Chancellor Financial Group WB LP purchased a new position in shares of Comcast during the 4th quarter valued at about $343,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.30 during mid-day trading on Friday, reaching $34.58. The stock had a trading volume of 31,652,126 shares, compared to its average volume of 21,984,750. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $129.11 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The business's 50 day moving average price is $34.64 and its 200 day moving average price is $36.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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 company 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 19.98% and a net margin of 13.09%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 earnings per share. Research analysts expect that Comcast Co. will post 4.33 EPS 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 $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. Comcast's dividend payout ratio is currently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and a consensus 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.