Duncan Williams Asset Management LLC Purchases 9,387 Shares of Comcast Corporation (NASDAQ:CMCSA)

Duncan Williams Asset Management LLC increased its position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 49.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,459 shares of the cable giant's stock after purchasing an additional 9,387 shares during the period. Duncan Williams Asset Management LLC's holdings in Comcast were worth $1,050,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new stake in shares of Comcast during the fourth quarter worth $25,000. Retirement Wealth Solutions LLC increased its stake in Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the period. Mpwm Advisory Solutions LLC bought a new stake in Comcast during the 4th quarter valued at about $33,000. Global Wealth Strategies & Associates lifted its holdings in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Comcast in the 4th quarter valued at about $36,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research analyst reports. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Oppenheimer dropped their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.10.

Comcast Trading Down 0.8%

NASDAQ CMCSA opened at $34.26 on Thursday. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a 50 day moving average price of $34.48 and a 200 day moving average price of $35.98. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market cap of $127.92 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95.

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 for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. As a group, sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared 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. This represents a $1.32 annualized dividend and a yield of 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

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.

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