Comcast Corporation (NASDAQ:CMCSA) Stake Lifted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 735,251 shares of the cable giant's stock after buying an additional 199,629 shares during the period. Crossmark Global Holdings Inc.'s holdings in Comcast were worth $27,131,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sculati Wealth Management LLC lifted its position in shares of Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after acquiring an additional 285 shares during the period. Beck Mack & Oliver LLC lifted its position 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 acquiring an additional 300 shares during the period. Toth Financial Advisory Corp lifted its position in shares of Comcast by 9.0% during the 1st 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 during the period. Cypress Wealth Services LLC lifted its position in shares of Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after acquiring an additional 318 shares during the period. Finally, Lakeshore Capital Group Inc. lifted its position in shares of Comcast by 3.3% during the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after acquiring an additional 319 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.55 during trading hours on Monday, hitting $35.44. The stock had a trading volume of 14,962,005 shares, compared to its average volume of 22,031,762. The stock's fifty day simple moving average is $34.81 and its 200 day simple moving average is $35.49. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The firm has a market capitalization of $132.32 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.74 and a beta of 0.95. 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 (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the business earned $1.04 earnings per share. Comcast's revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.72%. Comcast's payout ratio is currently 32.43%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CMCSA shares. TD Cowen lowered their price objective on shares of Comcast from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Evercore ISI decreased their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. Finally, BNP Paribas Exane decreased their price target on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of "Hold" and an average price target 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.