Concurrent Investment Advisors LLC Acquires 27,389 Shares of Comcast Corporation (NASDAQ:CMCSA)

Concurrent Investment Advisors LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,361 shares of the cable giant's stock after purchasing an additional 27,389 shares during the period. Concurrent Investment Advisors LLC's holdings in Comcast were worth $3,039,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC raised its stake in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after acquiring an additional 285 shares in the last quarter. Beck Mack & Oliver LLC grew its holdings in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares during the last quarter. Toth Financial Advisory Corp increased its position in Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after purchasing an additional 300 shares in the last quarter. Cypress Wealth Services LLC lifted its stake in Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after purchasing an additional 318 shares during the last quarter. Finally, Lakeshore Capital Group Inc. boosted its position in Comcast by 3.3% in the first quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after buying an additional 319 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

CMCSA traded down $0.55 during midday trading on Monday, reaching $35.44. The company had a trading volume of 14,962,005 shares, compared to its average volume of 22,031,758. The business has a 50-day moving average price of $34.81 and a two-hundred day moving average price of $35.49. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $132.32 billion, a PE ratio of 8.71, a P/E/G ratio of 1.74 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $29.89 billion during 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 firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.04 EPS. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.72%. Comcast's dividend payout ratio (DPR) is 32.43%.

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. Morgan Stanley set a $37.00 price target on Comcast in a report on Friday, April 25th. Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a report 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 research report on Friday, April 25th. 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 report on Monday, April 14th. Finally, BNP Paribas Exane decreased their price objective on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.