Golden State Wealth Management LLC Has $684,000 Holdings in Comcast Corporation (NASDAQ:CMCSA)

Golden State Wealth Management LLC boosted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 385.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,540 shares of the cable giant's stock after acquiring an additional 14,720 shares during the quarter. Golden State Wealth Management LLC's holdings in Comcast were worth $684,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Aurora Private Wealth Inc. increased its position in shares of Comcast by 449.7% during the first quarter. Aurora Private Wealth Inc. now owns 51,007 shares of the cable giant's stock worth $1,882,000 after acquiring an additional 41,728 shares during the last quarter. Spire Wealth Management grew its stake in Comcast by 9.7% during the 1st quarter. Spire Wealth Management now owns 33,417 shares of the cable giant's stock valued at $1,233,000 after purchasing an additional 2,966 shares in the last quarter. Mattern Capital Management LLC grew its stake in Comcast by 3.5% during the 1st quarter. Mattern Capital Management LLC now owns 213,875 shares of the cable giant's stock valued at $7,892,000 after purchasing an additional 7,160 shares in the last quarter. Archford Capital Strategies LLC increased its holdings in Comcast by 137.7% during the 1st quarter. Archford Capital Strategies LLC now owns 77,386 shares of the cable giant's stock worth $2,856,000 after purchasing an additional 44,829 shares during the last quarter. Finally, Econ Financial Services Corp raised its position in shares of Comcast by 19.8% in the 1st quarter. Econ Financial Services Corp now owns 93,946 shares of the cable giant's stock valued at $3,467,000 after purchasing an additional 15,496 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 0.3%

NASDAQ CMCSA traded up $0.11 on Friday, hitting $35.32. 26,938,364 shares of the company were exchanged, compared to its average volume of 21,996,542. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The company's 50 day moving average price is $34.58 and its 200-day moving average price is $35.67. The firm has a market capitalization of $131.87 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.74%. Comcast's dividend payout ratio is 32.43%.

Analyst Ratings Changes

A number of brokerages have 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. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. Finally, Argus cut Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast has a consensus rating of "Moderate Buy" and an average target price of $42.10.

About Comcast

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.