Focus Financial Network Inc. Purchases 12,621 Shares of Comcast Co. (NASDAQ:CMCSA)

Focus Financial Network Inc. lifted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 132.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,122 shares of the cable giant's stock after purchasing an additional 12,621 shares during the quarter. Focus Financial Network Inc.'s holdings in Comcast were worth $816,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Promus Capital LLC acquired a new position in Comcast during the 4th quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in Comcast in the fourth quarter valued at $27,000. 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 valued at $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Comcast during the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after buying an additional 600 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

NASDAQ CMCSA traded down $0.26 during midday trading on Friday, hitting $35.01. The company had a trading volume of 17,189,721 shares, compared to its average volume of 22,054,943. The company has a market capitalization of $130.72 billion, a PE ratio of 8.44, 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 twelve month low of $31.44 and a twelve month high of $45.31. The firm has a 50-day moving average price of $34.42 and a 200-day moving average price of $36.20.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.77%. Comcast's dividend payout ratio is presently 32.43%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Morgan Stanley set a $37.00 price objective 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 issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.