Fiduciary Financial Group LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Fiduciary Financial Group LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,323 shares of the cable giant's stock, valued at approximately $381,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Simplicity Wealth LLC boosted its stake in Comcast by 446.0% during the 1st quarter. Simplicity Wealth LLC now owns 43,949 shares of the cable giant's stock worth $1,622,000 after acquiring an additional 35,900 shares during the last quarter. Signet Financial Management LLC grew its stake in shares of Comcast by 2.2% in the first quarter. Signet Financial Management LLC now owns 98,748 shares of the cable giant's stock worth $3,644,000 after purchasing an additional 2,142 shares during the last quarter. Cardinal Capital Management Inc. boosted its holdings in shares of Comcast by 5.2% during the 1st quarter. Cardinal Capital Management Inc. now owns 680,615 shares of the cable giant's stock worth $25,115,000 after buying an additional 33,524 shares in the last quarter. Olstein Capital Management L.P. lifted its stake in Comcast by 50.5% during the 1st quarter. Olstein Capital Management L.P. now owns 167,000 shares of the cable giant's stock valued at $6,162,000 after acquiring an additional 56,000 shares in the last quarter. Finally, Tounjian Advisory Partners LLC bought a new stake in shares of Comcast during the 1st quarter worth $266,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent research reports. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. Citigroup cut 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. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 target price for the company. in a report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Price Performance

CMCSA traded up $0.02 on Thursday, hitting $35.20. 3,393,393 shares of the company's stock traded hands, compared to its average volume of 22,006,043. The firm has a market cap of $131.43 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company's 50 day simple moving average is $34.38 and its 200-day simple moving average is $36.26.

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

Comcast Announces Dividend

The company also recently announced 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. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

About Comcast

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.