Chemistry Wealth Management LLC Purchases 8,614 Shares of Comcast Co. (NASDAQ:CMCSA)

Chemistry Wealth Management LLC grew its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 81.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,186 shares of the cable giant's stock after purchasing an additional 8,614 shares during the quarter. Chemistry Wealth Management LLC's holdings in Comcast were worth $708,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMCSA. Sculati Wealth Management LLC lifted its stake in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares during the last quarter. Kovack Advisors Inc. raised its stake in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after acquiring an additional 300 shares in the last quarter. Beck Mack & Oliver LLC raised its stake in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares in the last quarter. Cypress Wealth Services LLC raised its stake in shares of Comcast by 1.7% during the first quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after acquiring an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. raised its stake in shares of Comcast by 3.3% during the first quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Citigroup decreased 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. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Finally, Scotiabank reaffirmed a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

NASDAQ CMCSA opened at $34.70 on Friday. The firm's fifty day simple moving average is $34.39 and its two-hundred day simple moving average is $36.43. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a market capitalization of $129.56 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.95.

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

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.

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