16,600 Shares in Comcast Corporation (NASDAQ:CMCSA) Acquired by Denali Advisors LLC

Denali Advisors LLC purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,600 shares of the cable giant's stock, valued at approximately $613,000.

A number of other large investors have also recently modified their holdings of CMCSA. Brighton Jones LLC boosted its holdings in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Proficio Capital Partners LLC raised its holdings in Comcast by 42.9% in the 4th quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock worth $598,000 after acquiring an additional 4,781 shares during the last quarter. Wayfinding Financial LLC purchased a new position in Comcast in the 4th quarter worth approximately $200,000. Millstone Evans Group LLC purchased a new stake in Comcast during the 4th quarter valued at $494,000. Finally, Summit Global Investments grew its position in shares of Comcast by 112.4% during the 4th quarter. Summit Global Investments now owns 38,310 shares of the cable giant's stock valued at $1,438,000 after acquiring an additional 20,272 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Up 0.6%

Shares of NASDAQ:CMCSA traded up $0.23 during mid-day trading on Tuesday, hitting $35.24. 8,829,171 shares of the company traded hands, compared to its average volume of 21,850,459. The stock has a 50-day moving average price of $35.00 and a two-hundred day moving average price of $35.30. 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 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market cap of $131.56 billion, a P/E ratio of 8.66, a P/E/G ratio of 1.68 and a beta of 0.95.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. Comcast's dividend payout ratio is presently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Bernstein Bank reduced their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Morgan Stanley boosted their price target on shares of Comcast from $37.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Finally, Arete Research upgraded shares of Comcast to a "hold" rating in a report on Tuesday, July 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $41.10.

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.