Baker Tilly Wealth Management LLC Buys 10,038 Shares of Comcast Co. (NASDAQ:CMCSA)

Baker Tilly Wealth Management LLC grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 48.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,964 shares of the cable giant's stock after purchasing an additional 10,038 shares during the period. Baker Tilly Wealth Management LLC's holdings in Comcast were worth $1,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Comcast in the fourth quarter valued at $743,681,000. Bfsg LLC grew its position in shares of Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after acquiring an additional 73,590 shares during the period. Mission Wealth Management LP lifted its stake in Comcast by 8.3% in the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. lifted its holdings in Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. increased its holdings in shares of Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock valued at $32,118,000 after purchasing an additional 24,827 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Scotiabank reaffirmed a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 1.0%

Shares of CMCSA traded up $0.33 during trading hours on Tuesday, reaching $34.66. 22,049,036 shares of the stock traded hands, compared to its average volume of 21,998,146. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $34.58 and a 200 day simple moving average of $36.57. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a market cap of $129.41 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 EPS. On average, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

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.