Koshinski Asset Management Inc. Purchases 12,162 Shares of Comcast Corporation (NASDAQ:CMCSA)

Koshinski Asset Management Inc. increased its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 28.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 54,439 shares of the cable giant's stock after acquiring an additional 12,162 shares during the period. Koshinski Asset Management Inc.'s holdings in Comcast were worth $2,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CMCSA. Brighton Jones LLC increased its stake in shares of Comcast by 150.9% in the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock worth $6,240,000 after purchasing an additional 99,986 shares during the period. Fisher Asset Management LLC grew its holdings in Comcast by 0.9% in the 4th quarter. Fisher Asset Management LLC now owns 74,449 shares of the cable giant's stock valued at $2,794,000 after buying an additional 681 shares during the last quarter. Maia Wealth LLC grew its holdings in Comcast by 12.2% in the 4th quarter. Maia Wealth LLC now owns 10,750 shares of the cable giant's stock valued at $411,000 after buying an additional 1,173 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Comcast by 6.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 38,608 shares of the cable giant's stock worth $1,444,000 after buying an additional 2,484 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Comcast by 171.0% during the fourth quarter. SRS Capital Advisors Inc. now owns 13,894 shares of the cable giant's stock worth $521,000 after buying an additional 8,767 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Shares of CMCSA traded up $0.64 on Tuesday, hitting $36.33. The company's stock had a trading volume of 22,853,945 shares, compared to its average volume of 21,956,644. The company has a market capitalization of $135.65 billion, a PE ratio of 8.93, a PEG ratio of 1.71 and a beta of 0.95. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The company has a 50 day moving average price of $34.65 and a 200 day moving average price of $35.55. 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 EPS for the quarter, topping 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 company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business's revenue was down .6% on a year-over-year basis. On average, research analysts anticipate 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. Stockholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CMCSA shares. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Barclays decreased their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday, April 25th. Oppenheimer cut their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Finally, 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.10.

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.