Comcast Co. (NASDAQ:CMCSA) Shares Acquired by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 25.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,705 shares of the cable giant's stock after purchasing an additional 9,823 shares during the quarter. KMG Fiduciary Partners LLC's holdings in Comcast were worth $1,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. City Center Advisors LLC boosted its position in Comcast by 5.2% during the 1st quarter. City Center Advisors LLC now owns 14,047 shares of the cable giant's stock valued at $518,000 after purchasing an additional 692 shares during the period. Miracle Mile Advisors LLC boosted its position in Comcast by 32.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 13,035 shares of the cable giant's stock worth $481,000 after acquiring an additional 3,213 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in Comcast by 7.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 101,886 shares of the cable giant's stock worth $3,760,000 after acquiring an additional 6,811 shares during the period. Sivia Capital Partners LLC boosted its position in Comcast by 5.6% during the 1st quarter. Sivia Capital Partners LLC now owns 10,981 shares of the cable giant's stock worth $405,000 after acquiring an additional 582 shares during the period. Finally, Piscataqua Savings Bank boosted its position in Comcast by 1.9% during the 1st quarter. Piscataqua Savings Bank now owns 21,501 shares of the cable giant's stock worth $793,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. Finally, Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Stock Up 1.4%

Shares of Comcast stock opened at $34.70 on Monday. The stock's fifty day moving average is $34.39 and its 200-day moving average is $36.33. The firm has a market capitalization of $129.56 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current 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.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (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 analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.04 earnings per share. Equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given 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 of this dividend 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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