Edgestream Partners L.P. Boosts Stake in Comcast Corporation (NASDAQ:CMCSA)

Edgestream Partners L.P. boosted its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 2,547.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,460 shares of the cable giant's stock after acquiring an additional 171,718 shares during the quarter. Edgestream Partners L.P.'s holdings in Comcast were worth $6,585,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CMCSA. Inlight Wealth Management LLC bought a new position in shares of Comcast during the first quarter valued at about $26,000. Abound Financial LLC purchased a new stake in Comcast in the first quarter worth about $29,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after purchasing an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of Comcast stock traded down $0.26 during trading hours on Friday, reaching $34.44. The stock had a trading volume of 7,493,007 shares, compared to its average volume of 21,870,642. The stock's 50 day moving average is $35.00 and its 200 day moving average is $35.35. The firm has a market capitalization of $128.57 billion, a PE ratio of 8.46, a PEG ratio of 1.66 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. 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 (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate 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 prior year, the firm earned $1.04 EPS. Equities analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid 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 3.83%. Comcast's dividend payout ratio (DPR) is 32.43%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CMCSA. The Goldman Sachs Group decreased their target price on shares of Comcast from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Friday, April 25th. KeyCorp cut their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Oppenheimer dropped their price objective 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. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Evercore ISI lowered their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $41.10.

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.