Exchange Traded Concepts LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

Exchange Traded Concepts LLC increased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 233.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 817,669 shares of the cable giant's stock after buying an additional 572,770 shares during the quarter. Exchange Traded Concepts LLC's holdings in Comcast were worth $30,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $25,000. Roxbury Financial LLC purchased a new position in Comcast during the 4th quarter valued at $27,000. Retirement Wealth Solutions LLC raised its holdings 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 purchasing an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast in the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMCSA shares. Scotiabank reissued 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. Oppenheimer decreased their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. KeyCorp dropped their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Finally, Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $0.26 during midday trading on Friday, reaching $35.01. 17,189,721 shares of the company's stock traded hands, compared to its average volume of 22,092,584. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a market cap of $130.72 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 1.78 and a beta of 0.95. The stock has a 50 day moving average of $34.46 and a 200 day moving average of $36.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently announced 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. This represents a $1.32 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 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.