Monte Financial Group LLC Increases Position in Comcast Corporation (NASDAQ:CMCSA)

Monte Financial Group LLC raised its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,745 shares of the cable giant's stock after buying an additional 13,562 shares during the period. Comcast comprises approximately 3.1% of Monte Financial Group LLC's portfolio, making the stock its 3rd largest position. Monte Financial Group LLC's holdings in Comcast were worth $7,542,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Promus Capital LLC purchased a new stake in shares of Comcast during the fourth quarter worth about $25,000. Retirement Wealth Solutions LLC boosted its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in shares of Comcast during the fourth quarter worth about $33,000. Global Wealth Strategies & Associates boosted its holdings in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $36,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.27 during trading hours on Friday, reaching $34.53. The company had a trading volume of 42,690,031 shares, compared to its average volume of 22,079,864. The company has a current ratio of 0.65, a quick 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 firm has a market cap of $128.92 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.67 and a beta of 0.95. The firm's 50 day moving average price is $34.50 and its 200-day moving average price is $35.86.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Barclays lowered their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Scotiabank restated a "sector perform" rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

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.