Douglas Lane & Associates LLC Acquires 10,221 Shares of Comcast Co. (NASDAQ:CMCSA)

Douglas Lane & Associates LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,223,496 shares of the cable giant's stock after purchasing an additional 10,221 shares during the period. Comcast accounts for approximately 1.2% of Douglas Lane & Associates LLC's holdings, making the stock its 24th biggest position. Douglas Lane & Associates LLC owned approximately 0.06% of Comcast worth $82,047,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CMCSA. Sculati Wealth Management LLC grew its stake in Comcast by 0.9% during the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after buying an additional 285 shares in the last quarter. Five Oceans Advisors grew its stake in Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after buying an additional 298 shares in the last quarter. Kovack Advisors Inc. boosted its stake in shares of Comcast by 1.1% in the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. Beck Mack & Oliver LLC boosted its stake in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after purchasing an additional 300 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in shares of Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant's stock valued at $2,195,000 after purchasing an additional 328 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 1.0%

Comcast stock traded up $0.33 during mid-day trading on Tuesday, hitting $34.66. 22,049,036 shares of the stock were exchanged, compared to its average volume of 22,023,533. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $31.44 and a 12 month high of $45.31. The firm's fifty day simple moving average is $34.58 and its two-hundred day simple moving average is $36.57. The stock has a market capitalization of $129.41 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. Analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is currently 32.43%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research analyst reports. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Scotiabank restated a "sector perform" rating and issued a $44.50 price target (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast 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.