CWA Asset Management Group LLC Acquires 76,678 Shares of Comcast Corporation (NASDAQ:CMCSA)

CWA Asset Management Group LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 40.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 268,520 shares of the cable giant's stock after buying an additional 76,678 shares during the quarter. CWA Asset Management Group LLC's holdings in Comcast were worth $9,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Norges Bank bought a new stake in shares of Comcast during the fourth quarter worth about $3,835,226,000. Raymond James Financial Inc. acquired a new position in Comcast during the 4th quarter valued at about $743,681,000. Amundi increased its holdings in Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant's stock worth $895,499,000 after purchasing an additional 14,369,056 shares in the last quarter. Capital World Investors increased its holdings in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Comcast by 12.0% in the fourth quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CMCSA shares. Scotiabank reiterated a "sector perform" rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Oppenheimer reduced their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Finally, KeyCorp decreased their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

NASDAQ CMCSA traded down $0.27 during trading on Thursday, hitting $34.26. 16,242,295 shares of the company's stock traded hands, compared to its average volume of 21,993,902. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $127.92 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.67 and a beta of 0.95. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The business has a 50 day moving average of $34.49 and a 200-day moving average of $35.92.

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 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 company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same period in the prior year, the company posted $1.04 EPS. Comcast's revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Comcast Company 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.