Comcast Corporation (NASDAQ:CMCSA) Shares Bought by Stratos Investment Management LLC

Stratos Investment Management LLC boosted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 30.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 30,434 shares of the cable giant's stock after acquiring an additional 7,185 shares during the period. Stratos Investment Management LLC's holdings in Comcast were worth $1,123,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Inlight Wealth Management LLC bought a new position in Comcast during the 1st quarter valued at $26,000. Abound Financial LLC acquired a new stake in shares of Comcast in the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates increased its stake in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. BNP Paribas Exane lowered their price target on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. KeyCorp reduced their target price 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, BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.96.

Comcast Price Performance

Shares of Comcast stock opened at $36.00 on Wednesday. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The stock has a market capitalization of $134.41 billion, a P/E ratio of 8.85, a PEG ratio of 1.71 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. The business's fifty day moving average price is $34.89 and its 200 day moving average price is $35.47.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company's revenue for the quarter 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. As a group, research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 3.67%. Comcast's payout ratio is 32.43%.

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.

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