RFG Advisory LLC Purchases 35,227 Shares of Comcast Co. (NASDAQ:CMCSA)

RFG Advisory LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 120.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 64,488 shares of the cable giant's stock after purchasing an additional 35,227 shares during the period. RFG Advisory LLC's holdings in Comcast were worth $2,380,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. Norges Bank acquired a new position in Comcast in the fourth quarter worth about $3,835,226,000. Raymond James Financial Inc. bought a new stake in shares of Comcast during the 4th quarter valued at $743,681,000. Amundi boosted its stake in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after acquiring an additional 14,369,056 shares during the last quarter. Capital World Investors grew its stake in Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after purchasing an additional 5,402,377 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Trading Up 1.4%

CMCSA stock traded up $0.48 during trading on Friday, hitting $34.70. The company had a trading volume of 13,753,001 shares, compared to its average volume of 22,033,762. 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 one year low of $31.44 and a one year high of $45.31. The business has a 50-day moving average of $34.43 and a 200-day moving average of $36.48. The stock has a market cap of $129.56 billion, a PE ratio of 8.36, a PEG ratio of 1.78 and a beta of 0.97.

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

Comcast Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Scotiabank restated a "sector perform" rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. KeyCorp decreased their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Company 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.