Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 86.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,497 shares of the cable giant's stock after acquiring an additional 51,726 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Comcast were worth $4,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sculati Wealth Management LLC boosted its stake in shares of Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after purchasing an additional 285 shares during the period. Beck Mack & Oliver LLC increased its holdings in shares of Comcast by 2.0% during the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Comcast by 9.0% during the first quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after acquiring an additional 300 shares in the last quarter. Cypress Wealth Services LLC increased its holdings in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after buying an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. increased its holdings in Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock worth $373,000 after buying an additional 319 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. The Goldman Sachs Group lowered their price target on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Oppenheimer reduced their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Rothschild & Co Redburn cut their target price on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Moffett Nathanson lifted their price objective on Comcast from $56.00 to $58.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of "Hold" and a consensus target price of $41.10.

Comcast Trading Down 0.5%

Shares of CMCSA stock opened at $34.54 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a market cap of $128.96 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.68 and a beta of 0.95. The stock has a 50 day simple moving average of $35.00 and a 200-day simple moving average of $35.30.

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

Comcast Announces Dividend

The firm 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

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.

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