Graybill Wealth Management LTD. Takes Position in Comcast Corporation (NASDAQ:CMCSA)

Graybill Wealth Management LTD. acquired a new stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 69,237 shares of the cable giant's stock, valued at approximately $2,555,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC acquired a new position in shares of Comcast during the 1st quarter valued at about $26,000. Abound Financial LLC acquired a new position in shares of Comcast during the 1st quarter valued at about $29,000. Retirement Wealth Solutions LLC increased its stake in shares of Comcast by 126.9% during the 1st 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 last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast during the 4th quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of Comcast by 203.4% during the 1st 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. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. Oppenheimer reduced their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Evercore ISI reduced their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Morgan Stanley lifted their price target on shares of Comcast from $37.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Finally, BNP Paribas cut Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a report on Thursday, April 10th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $41.10.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.32 during mid-day trading on Wednesday, reaching $34.40. 20,938,376 shares of the stock were exchanged, compared to its average volume of 21,969,001. The business has a fifty day moving average price of $34.99 and a 200 day moving average price of $35.37. The firm has a market capitalization of $128.44 billion, a PE ratio of 8.45, a PEG ratio of 1.72 and a beta of 0.95. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 19.70% and a net margin of 12.72%. Comcast's revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. Research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.84%. Comcast's dividend payout ratio is currently 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.