Comcast Corporation (NASDAQ:CMCSA) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,802 shares of the cable giant's stock after purchasing an additional 42,445 shares during the quarter. AE Wealth Management LLC's holdings in Comcast were worth $19,402,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after buying an additional 99,986 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $6,746,000. Modern Wealth Management LLC boosted its position in shares of Comcast by 14.1% during the fourth quarter. Modern Wealth Management LLC now owns 10,053 shares of the cable giant's stock valued at $347,000 after buying an additional 1,241 shares during the period. TD Asset Management Inc. boosted its position in shares of Comcast by 3.6% during the fourth quarter. TD Asset Management Inc. now owns 3,491,617 shares of the cable giant's stock valued at $131,040,000 after buying an additional 120,113 shares during the period. Finally, Financial Engines Advisors L.L.C. boosted its position in shares of Comcast by 271.7% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 36,807 shares of the cable giant's stock valued at $1,381,000 after buying an additional 26,904 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA stock traded down $1.69 during mid-day trading on Friday, hitting $33.68. 32,916,863 shares of the stock were exchanged, compared to its average volume of 24,325,230. The firm has a fifty day moving average of $35.04 and a 200 day moving average of $35.27. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company has a market cap of $125.75 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

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 analysts' consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. Comcast's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $1.04 EPS. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

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

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. TD Cowen lowered their price target on Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, April 25th. Arete Research upgraded Comcast to a "hold" rating in a report on Tuesday, July 8th. Bernstein Bank lowered their target price on Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lowered their target price on Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, New Street Research decreased their price objective on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has an average rating of "Hold" and a consensus target price of $41.13.

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.