Capital Analysts LLC Buys 13,629 Shares of Comcast Corporation $CMCSA

Key Points

• Capital Analysts LLC increased its stake in Comcast Corporation by 5.4%, owning a total of 264,887 shares valued at approximately $9.77 million.
• Comcast reported quarterly earnings of $1.25 per share, exceeding analysts' expectations of $1.18, with a revenue of $30.31 billion.
• The company announced a quarterly dividend of $0.33 per share, representing an annualized yield of 3.9% and a payout ratio of 21.82%.

Capital Analysts LLC grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 264,887 shares of the cable giant's stock after buying an additional 13,629 shares during the period. Capital Analysts LLC's holdings in Comcast were worth $9,774,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Advisor OS LLC raised its position in shares of Comcast by 33.2% during 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 during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Comcast by 10.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 1,282,073 shares of the cable giant's stock valued at $47,254,000 after buying an additional 118,839 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new position in shares of Comcast during the first quarter valued at about $335,000. DAVENPORT & Co LLC raised its position in shares of Comcast by 41.7% during the first quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant's stock valued at $157,766,000 after buying an additional 1,261,278 shares during the last quarter. Finally, American Financial Group Inc. raised its position in shares of Comcast by 29.0% during the first quarter. American Financial Group Inc. now owns 267,000 shares of the cable giant's stock valued at $9,852,000 after buying an additional 60,000 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ CMCSA traded up $0.55 during mid-day trading on Friday, hitting $34.15. 25,267,336 shares of the stock were exchanged, compared to its average volume of 24,360,090. The company has a market cap of $126.09 billion, a P/E ratio of 5.64, a PEG ratio of 2.01 and a beta of 0.92. The stock's fifty day simple moving average is $34.21 and its two-hundred day simple moving average is $34.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.91 and a current ratio of 0.91. Comcast Corporation has a twelve month low of $31.03 and a twelve month high of $45.31.

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

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a dividend yield of 3.9%. Comcast's dividend payout ratio (DPR) is presently 21.82%.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Moffett Nathanson upped their price objective on shares of Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Rosenblatt Securities upped their price objective on shares of Comcast from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Citigroup cut their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Barclays cut their price target 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. Finally, Morgan Stanley cut their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.