Joel Isaacson & Co. LLC Has $6.90 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Joel Isaacson & Co. LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187,107 shares of the cable giant's stock after purchasing an additional 20,812 shares during the quarter. Joel Isaacson & Co. LLC's holdings in Comcast were worth $6,904,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMCSA. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Comcast by 1.3% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,960,493 shares of the cable giant's stock worth $404,442,000 after acquiring an additional 140,062 shares during the last quarter. Cornerstone Advisors Asset Management LLC raised its position in Comcast by 7.5% in the 1st quarter. Cornerstone Advisors Asset Management LLC now owns 7,847 shares of the cable giant's stock worth $290,000 after purchasing an additional 547 shares during the last quarter. Patron Partners LLC lifted its holdings in Comcast by 21.1% during the 1st quarter. Patron Partners LLC now owns 13,145 shares of the cable giant's stock worth $485,000 after buying an additional 2,288 shares in the last quarter. Confluence Wealth Services Inc. boosted its position in Comcast by 14.0% in the 1st quarter. Confluence Wealth Services Inc. now owns 32,792 shares of the cable giant's stock valued at $1,130,000 after buying an additional 4,036 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Comcast by 15.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,392,950 shares of the cable giant's stock valued at $51,010,000 after buying an additional 185,246 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.64 during trading hours on Tuesday, reaching $36.33. 22,853,945 shares of the stock were exchanged, compared to its average volume of 21,976,853. The firm has a market capitalization of $135.65 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 1.73 and a beta of 0.95. The stock's fifty day simple moving average is $34.69 and its 200 day simple moving average is $35.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a 52 week low of $31.44 and a 52 week 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 (EPS) 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 analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 EPS. Sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

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 given 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 3.63%. Comcast's dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of analyst reports. BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. KeyCorp dropped their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Citigroup reduced their target price on Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 25th. UBS Group set a $44.50 target price on Comcast in a research report on Friday, April 25th. Finally, Barclays lowered their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.