Comcast Co. (NASDAQ:CMCSA) Stock Position Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,991,337 shares of the cable giant's stock after buying an additional 131,699 shares during the quarter. Janney Montgomery Scott LLC owned about 0.11% of Comcast worth $147,280,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in shares of Comcast in the fourth quarter worth about $25,000. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter worth approximately $27,000. Retirement Wealth Solutions LLC boosted its position in Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates raised its position in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Down 0.7%

CMCSA stock opened at $35.01 on Monday. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. 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 business's 50 day moving average is $34.46 and its 200-day moving average is $36.06. The firm has a market cap of $130.72 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95.

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. Equities analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.77%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Scotiabank reiterated a "sector perform" rating and issued a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Oppenheimer decreased their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Morgan Stanley set a $37.00 price objective on Comcast in a research report on Friday, April 25th. Finally, BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price on the stock. in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.10.

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.

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