Foster Victor Wealth Advisors LLC Boosts Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Foster Victor Wealth Advisors LLC lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 261,062 shares of the cable giant's stock after buying an additional 29,758 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in Comcast were worth $8,803,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Promus Capital LLC bought a new position in Comcast in the fourth quarter worth approximately $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast during the fourth quarter worth approximately $27,000. Retirement Wealth Solutions LLC lifted its holdings in shares of 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 acquired a new stake in Comcast in the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% in the 1st 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 period. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Comcast stock traded down $0.27 during mid-day trading on Wednesday, hitting $34.26. 16,129,213 shares of the company traded hands, compared to its average volume of 21,995,360. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The stock has a market cap of $127.92 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The stock has a fifty day moving average price of $34.49 and a 200-day moving average price of $35.99.

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 the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The company's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. On average, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

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 paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's dividend payout ratio is presently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several analyst reports. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Citigroup lowered their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Argus cut Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Barclays reduced their target price 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. Finally, UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued 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 target price of $42.10.

Comcast Company 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.