Good Steward Wealth Advisors LLC Takes $390,000 Position in Comcast Corporation (NASDAQ:CMCSA)

Good Steward Wealth Advisors LLC bought a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,563 shares of the cable giant's stock, valued at approximately $390,000.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Promus Capital LLC bought a new stake in Comcast in the 4th quarter valued at $25,000. Retirement Wealth Solutions LLC lifted its holdings 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 acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast in the fourth quarter worth about $33,000. Global Wealth Strategies & Associates lifted its holdings in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast in the fourth quarter worth about $36,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.27 during midday trading on Friday, hitting $34.53. The company had a trading volume of 42,690,031 shares, compared to its average volume of 22,079,864. The stock has a market cap of $128.92 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.67 and a beta of 0.95. 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 company has a fifty day simple moving average of $34.50 and a 200 day simple moving average of $35.86. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the business posted $1.04 EPS. The company's revenue was down .6% on a year-over-year basis. As a group, analysts predict that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.82%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley set a $37.00 target price on Comcast in a research report on Friday, April 25th. Citigroup reduced their target price on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Oppenheimer reduced their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Wall Street Zen upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.