Lindenwold Advisors INC Buys 9,406 Shares of Comcast Corporation (NASDAQ:CMCSA)

Key Points

• Lindenwold Advisors INC increased its Comcast holdings by 48.3%, acquiring an additional 9,406 shares, raising their total to 28,878 shares valued at $1,066,000.
• Comcast reported $1.25 earnings per share for its last quarter, exceeding analysts' expectations of $1.18, while the company generated revenue of $30.31 billion, up 2.1% year-over-year.
• The company announced a quarterly dividend of $0.33 per share, reflecting an annualized payout of $1.32 and a dividend yield of 4.0%.

Lindenwold Advisors INC increased its holdings in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) by 48.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,878 shares of the cable giant's stock after acquiring an additional 9,406 shares during the quarter. Lindenwold Advisors INC's holdings in Comcast were worth $1,066,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Sculati Wealth Management LLC grew its position in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock worth $1,156,000 after purchasing an additional 285 shares in the last quarter. Beck Mack & Oliver LLC lifted its position in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock worth $583,000 after acquiring an additional 300 shares during the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock worth $134,000 after purchasing an additional 300 shares during the period. Cypress Wealth Services LLC increased its holdings in shares of Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after purchasing an additional 318 shares during the period. Finally, Lakeshore Capital Group Inc. increased its stake in Comcast by 3.3% in the first quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after acquiring an additional 319 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CMCSA shares. New Street Research reduced their target price on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays decreased their target price on shares of Comcast from $35.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday. Citigroup cut their price target 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. Scotiabank raised their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Finally, Bernstein Bank dropped their price objective on shares of Comcast from $38.00 to $37.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $40.77.

Comcast Stock Down 2.1%

Shares of Comcast stock traded down $0.71 during trading on Friday, reaching $32.52. 22,392,993 shares of the company traded hands, compared to its average volume of 19,415,812. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.65. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a 50 day moving average price of $34.79 and a 200-day moving average price of $35.10. The firm has a market capitalization of $121.42 billion, a PE ratio of 5.38, a P/E/G ratio of 1.58 and a beta of 0.92.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to analyst estimates of $29.81 billion. Comcast had a net margin of 18.44% and a return on equity of 18.86%. The business's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. As a group, equities research analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, October 1st. Comcast's dividend payout ratio (DPR) is currently 21.82%.

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.