Cwm LLC Raises Stake in Comcast Corporation (NASDAQ:CMCSA)

CWM LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,039,361 shares of the cable giant's stock after acquiring an additional 60,566 shares during the quarter. CWM LLC's holdings in Comcast were worth $38,352,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after acquiring an additional 99,986 shares in the last quarter. Proficio Capital Partners LLC increased its stake in Comcast by 42.9% in the fourth quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock valued at $598,000 after purchasing an additional 4,781 shares in the last quarter. Erste Asset Management GmbH raised its holdings in shares of Comcast by 52.8% during the fourth quarter. Erste Asset Management GmbH now owns 101,859 shares of the cable giant's stock valued at $3,858,000 after purchasing an additional 35,212 shares during the period. First National Trust Co raised its holdings in shares of Comcast by 22.9% during the fourth quarter. First National Trust Co now owns 47,327 shares of the cable giant's stock valued at $1,776,000 after purchasing an additional 8,826 shares during the period. Finally, Poinciana Advisors Group LLC bought a new position in shares of Comcast during the 4th quarter worth about $328,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent research reports. Moffett Nathanson increased their price target on Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. BNP Paribas Exane lowered their target price 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. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Oppenheimer lowered their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Three equities research 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, the stock has an average rating of "Hold" and a consensus price target of $40.98.

Comcast Stock Performance

CMCSA traded down $0.43 during midday trading on Friday, reaching $34.99. The company had a trading volume of 16,862,759 shares, compared to its average volume of 21,995,037. 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 price of $34.96 and a two-hundred day moving average price of $35.41. The stock has a market cap of $130.64 billion, a PE ratio of 8.60, a P/E/G ratio of 1.69 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 posted its quarterly earnings data 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 return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. Comcast's revenue for the quarter was down .6% on a year-over-year basis. On average, sell-side analysts expect 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. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.77%. Comcast's payout ratio is 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.