Comcast Corporation (NASDAQ:CMCSA) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,003,389 shares of the cable giant's stock after purchasing an additional 37,903 shares during the period. DekaBank Deutsche Girozentrale owned 0.11% of Comcast worth $143,254,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Comcast during the 1st quarter worth about $26,000. Abound Financial LLC purchased a new position in shares of Comcast during the 1st quarter worth about $29,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Citigroup cut their price target on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a report on Friday, April 25th. Barclays cut their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Arete Research upgraded shares of Comcast to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Comcast has a consensus rating of "Hold" and a consensus price target of $40.98.

Comcast Stock Down 1.2%

Shares of NASDAQ: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 21,974,051. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock's fifty day moving average price is $34.96 and its 200-day moving average price is $35.43. The stock has a market capitalization of $130.64 billion, a P/E ratio of 8.60, a PEG ratio of 1.71 and a beta of 0.95. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during 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%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal 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 given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. Comcast's payout ratio is currently 32.43%.

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.