Comcast Co. (NASDAQ:CMCSA) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 2,193.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,164,564 shares of the cable giant's stock after buying an additional 1,113,779 shares during the quarter. GAMMA Investing LLC's holdings in Comcast were worth $42,972,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC acquired a new position in Comcast in the 4th quarter valued at about $25,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter valued at approximately $28,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

CMCSA stock traded up $0.43 on Friday, hitting $34.65. The company's stock had a trading volume of 6,817,488 shares, compared to its average volume of 22,007,147. The stock has a market cap of $129.35 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The firm has a 50 day moving average of $34.43 and a two-hundred day moving average of $36.48. 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 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.81%. Comcast's dividend payout ratio (DPR) is 32.43%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Scotiabank reissued a "sector perform" rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Wall Street Zen raised Comcast from a "buy" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Citigroup decreased their price objective on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Barclays cut their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Two investment 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.