Godsey & Gibb Inc. Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Godsey & Gibb Inc. boosted its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.9% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 477,289 shares of the cable giant's stock after acquiring an additional 17,825 shares during the quarter. Godsey & Gibb Inc.'s holdings in Comcast were worth $17,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Promus Capital LLC acquired a new position in Comcast during the fourth quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the fourth quarter valued at approximately $28,000. Retirement Wealth Solutions LLC lifted its holdings in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Comcast in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 1.4%

Shares of CMCSA traded up $0.48 during mid-day trading on Friday, reaching $34.70. The stock had a trading volume of 13,753,001 shares, compared to its average volume of 22,040,584. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The business's fifty day moving average is $34.39 and its 200 day moving average is $36.43. The firm has a market cap of $129.56 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.95.

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

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 3.80%. Comcast's payout ratio is 32.43%.

Analyst Ratings Changes

Several research firms recently issued reports on CMCSA. Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Argus downgraded Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Citigroup reduced their target price 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, UBS Group set a $44.50 target price on Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.