LS Investment Advisors LLC Has $1.08 Million Stake in Comcast Co. (NASDAQ:CMCSA)

LS Investment Advisors LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 135.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,148 shares of the cable giant's stock after buying an additional 16,781 shares during the period. LS Investment Advisors LLC's holdings in Comcast were worth $1,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth $25,000. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at about $28,000. Retirement Wealth Solutions LLC grew its position in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Oppenheimer lowered their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. Finally, Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.10.

Comcast Price Performance

Shares of CMCSA traded up $0.48 during mid-day trading on Friday, reaching $34.70. The company had a trading volume of 13,753,001 shares, compared to its average volume of 22,033,763. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company 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 0.97. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company's 50-day moving average is $34.43 and its 200-day moving average is $36.48.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 19.98% and a net margin of 13.09%. The business's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. On average, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 currently 32.43%.

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.