Advisor OS LLC Has $1.31 Million Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Advisor OS LLC increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 33.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,440 shares of the cable giant's stock after purchasing an additional 8,841 shares during the quarter. Advisor OS LLC's holdings in Comcast were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inlight Wealth Management LLC bought a new position in shares of Comcast in the 1st quarter worth about $26,000. Abound Financial LLC bought a new position in shares of Comcast in the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC lifted its position in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Down 4.8%

NASDAQ CMCSA traded down $1.69 during trading on Friday, reaching $33.68. The company's stock had a trading volume of 32,916,863 shares, compared to its average volume of 16,460,666. 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 stock has a market capitalization of $125.75 billion, a PE ratio of 8.28, a PEG ratio of 1.72 and a beta of 0.95. The business has a 50-day moving average price of $35.01 and a 200-day moving average price of $35.24. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company's revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. On average, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

Analyst Ratings Changes

CMCSA has been the topic of a number of recent research reports. Bernstein Bank reduced their price target on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. New Street Research cut their price objective on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. UBS Group set a $44.50 price objective on shares of Comcast in a research report on Friday, April 25th. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $37.00 to $31.00 in a research report on Monday, April 14th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.13.

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.