DDD Partners LLC Acquires 101,328 Shares of Comcast Corporation (NASDAQ:CMCSA)

DDD Partners LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 18.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 641,233 shares of the cable giant's stock after acquiring an additional 101,328 shares during the period. Comcast makes up approximately 2.9% of DDD Partners LLC's holdings, making the stock its 9th biggest holding. DDD Partners LLC's holdings in Comcast were worth $23,661,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMCSA. Inlight Wealth Management LLC acquired a new position in Comcast in the first quarter valued at about $26,000. Abound Financial LLC acquired a new position in Comcast in the first quarter valued at about $29,000. Retirement Wealth Solutions LLC raised its stake in 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 in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates raised its stake in 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 in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 0.4%

CMCSA traded down $0.16 during trading on Friday, reaching $34.55. The stock had a trading volume of 4,541,066 shares, compared to its average volume of 21,858,527. The stock's 50 day moving average is $35.00 and its two-hundred day moving average is $35.35. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $128.98 billion, a price-to-earnings ratio of 8.49, a P/E/G ratio of 1.66 and a beta of 0.95. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly 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 period last year, the company earned $1.04 earnings per share. The company's revenue was down .6% on a year-over-year basis. As a group, analysts expect that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is 32.43%.

Analysts Set New Price Targets

A number of research analysts have issued reports on CMCSA shares. Barclays decreased their target price 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. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price target on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Rosenblatt Securities restated a "neutral" rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Finally, Arete Research upgraded Comcast to a "hold" rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of "Hold" and an average price target of $41.10.

About Comcast

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.