Denali Advisors LLC Takes Position in Comcast Corporation (NASDAQ:CMCSA)

Denali Advisors LLC acquired a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 16,600 shares of the cable giant's stock, valued at approximately $613,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Comcast by 150.9% during the 4th 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 last quarter. Proficio Capital Partners LLC raised its holdings in Comcast by 42.9% in the fourth quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock worth $598,000 after purchasing an additional 4,781 shares during the period. Wayfinding Financial LLC acquired a new stake in Comcast in the fourth quarter worth $200,000. Millstone Evans Group LLC acquired a new stake in Comcast in the fourth quarter worth $494,000. Finally, Summit Global Investments raised its holdings in Comcast by 112.4% in the fourth quarter. Summit Global Investments now owns 38,310 shares of the cable giant's stock worth $1,438,000 after purchasing an additional 20,272 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA traded up $0.53 on Wednesday, reaching $35.80. The company's stock had a trading volume of 4,037,215 shares, compared to its average volume of 21,797,754. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The stock has a market capitalization of $133.68 billion, a P/E ratio of 8.80, a PEG ratio of 1.70 and a beta of 0.95. The stock's 50 day simple moving average is $35.00 and its two-hundred day simple moving average is $35.30.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. Comcast's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 earnings per share. Research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.69%. Comcast's dividend payout ratio is presently 32.43%.

Analyst Ratings Changes

A number of research analysts have recently commented on CMCSA shares. Benchmark reissued a "buy" rating on shares of Comcast in a research report on Friday. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Scotiabank boosted their price objective on shares of Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Friday, July 11th. Oppenheimer cut their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Barclays cut their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $41.10.

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.