Caliber Wealth Management LLC KS Makes New $2.91 Million Investment in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Caliber Wealth Management LLC KS invested approximately $2.91 million in Comcast Corporation by acquiring 78,968 shares in the first quarter, reflecting a growing interest among institutional investors.
• Comcast reported $1.09 EPS for the latest quarter, surpassing the expected $1.01 EPS, although revenue fell by 0.6% year-over-year.
• The company recently announced a quarterly dividend of $0.33 per share, which translates to an annualized dividend yield of 3.73%.

Caliber Wealth Management LLC KS bought a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 78,968 shares of the cable giant's stock, valued at approximately $2,914,000.

A number of other institutional investors have also modified their holdings of CMCSA. Advisor OS LLC boosted its stake in shares of Comcast by 33.2% in the first quarter. Advisor OS LLC now owns 35,440 shares of the cable giant's stock valued at $1,308,000 after buying an additional 8,841 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Comcast in the first quarter valued at approximately $335,000. Aviva PLC boosted its stake in shares of Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant's stock valued at $87,359,000 after buying an additional 156,986 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Comcast by 41.7% during 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, Geode Capital Management LLC boosted its position in Comcast by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Down 0.8%

Shares of CMCSA stock traded down $0.27 during trading hours on Tuesday, reaching $33.27. The company had a trading volume of 11,240,854 shares, compared to its average volume of 24,193,424. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a market capitalization of $124.20 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.95. The stock's fifty day simple moving average is $34.97 and its 200 day simple moving average is $35.20.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were paid a $0.33 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.97%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. New Street Research decreased their target price on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Rosenblatt Securities boosted their target price on Comcast from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday. Citigroup decreased their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus price target of $41.13.

About Comcast

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.