Beverly Hills Private Wealth LLC Has $5.43 Million Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Beverly Hills Private Wealth LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 5.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 147,249 shares of the cable giant's stock after purchasing an additional 8,074 shares during the quarter. Comcast comprises about 1.1% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 16th largest holding. Beverly Hills Private Wealth LLC's holdings in Comcast were worth $5,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors grew its stake in Comcast by 8.6% in the 4th 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. Norges Bank acquired a new stake in Comcast in the 4th quarter valued at $3,835,226,000. Geode Capital Management LLC grew its stake in Comcast by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares during the period. Dodge & Cox grew its stake in Comcast by 6.8% in the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock valued at $2,968,723,000 after acquiring an additional 5,039,823 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in 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 acquiring an additional 5,402,377 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.42 during mid-day trading on Tuesday, hitting $35.86. 3,053,243 shares of the company's stock traded hands, compared to its average volume of 21,957,936. The firm has a 50 day moving average of $34.85 and a two-hundred day moving average of $35.47. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The firm has a market capitalization of $133.87 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts forecast that Comcast Corporation 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 given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.68%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. TD Cowen decreased their price objective on Comcast from $46.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Barclays cut their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. KeyCorp cut 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. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $40.96.

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.