Level Four Advisory Services LLC Increases Holdings in Comcast Corporation $CMCSA

Key Points

• Level Four Advisory Services LLC increased its holdings in Comcast Corporation by 25.8%, owning 179,588 shares worth approximately $6.63 million as of the latest SEC filing.
• Comcast reported earnings of $1.25 per share for the last quarter, exceeding predictions of $1.18, with revenues of $30.31 billion, an increase of 2.1% year-over-year.
• The company announced a quarterly dividend of $0.33 per share, which represents an annual yield of 3.9%, with the dividend set to be paid on October 22nd.

Level Four Advisory Services LLC raised its stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,588 shares of the cable giant's stock after buying an additional 36,839 shares during the quarter. Level Four Advisory Services LLC's holdings in Comcast were worth $6,627,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Comcast by 150.9% in the 4th 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Comcast by 101.5% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,079 shares of the cable giant's stock worth $116,000 after purchasing an additional 1,551 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Comcast by 3.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 78,715 shares of the cable giant's stock worth $2,954,000 after purchasing an additional 2,956 shares in the last quarter. Harvest Investment Services LLC bought a new stake in shares of Comcast in the 4th quarter worth $280,000. Finally, Alta Advisers Ltd increased its holdings in shares of Comcast by 7.3% in the 4th quarter. Alta Advisers Ltd now owns 12,657 shares of the cable giant's stock worth $475,000 after purchasing an additional 857 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.55 during mid-day trading on Friday, hitting $34.15. 25,267,336 shares of the company traded hands, compared to its average volume of 24,360,090. The stock's fifty day moving average price is $34.21 and its 200-day moving average price is $34.77. Comcast Corporation has a one year low of $31.03 and a one year high of $45.31. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a market cap of $126.09 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 2.01 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. During the same quarter in the previous year, the company posted $1.21 earnings per share. Comcast's revenue for the quarter was up 2.1% on a year-over-year basis. 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, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, October 1st. Comcast's payout ratio is currently 21.82%.

Wall Street Analyst Weigh In

A number of analysts have commented on CMCSA shares. Evercore ISI reduced their target price on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 25th. New Street Research reduced their target price on Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a report on Friday, April 25th. BNP Paribas Exane reduced their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a report on Friday, April 25th. UBS Group reduced their target price on Comcast from $40.00 to $36.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Finally, Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $40.73.

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.