FourThought Financial Partners LLC Grows Stake in Comcast Corporation (NASDAQ:CMCSA)

Key Points

• FourThought Financial Partners LLC increased its holdings in Comcast Corporation (NASDAQ:CMCSA) by 92.7%, acquiring an additional 217,064 shares, making Comcast the firm's 12th largest investment.
• Comcast's recent earnings report showed an EPS of $1.09, surpassing analysts' expectations, with revenues of $29.89 billion, indicating a slight decline of 0.6% year-over-year.
• Comcast's quarterly dividend of $0.33 per share, paid on July 23rd, represents an annualized dividend yield of 3.92%.

FourThought Financial Partners LLC lifted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 92.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 451,152 shares of the cable giant's stock after purchasing an additional 217,064 shares during the quarter. Comcast accounts for approximately 1.7% of FourThought Financial Partners LLC's portfolio, making the stock its 12th largest position. FourThought Financial Partners LLC's holdings in Comcast were worth $16,648,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new position in shares of Comcast in the first quarter worth about $26,000. Abound Financial LLC purchased a new stake in Comcast during the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC boosted its stake in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast in the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates raised 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 acquiring an additional 600 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on Comcast from $39.00 to $37.00 and set a "neutral" rating for the company in a report on Friday, April 25th. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Bernstein Bank reduced their target price on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a report on Friday, April 25th. BNP Paribas Exane dropped their target price on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Finally, Citigroup decreased their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $41.13.

Comcast Stock Performance

Shares of Comcast stock traded up $0.06 on Wednesday, reaching $32.89. 15,745,638 shares of the stock were exchanged, compared to its average volume of 24,279,766. The business has a 50 day moving average price of $34.91 and a two-hundred day moving average price of $35.18. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $122.78 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 1.63 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Wednesday, July 2nd. Comcast's payout ratio is 32.43%.

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.