Marion Wealth Management Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Marion Wealth Management increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 17.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,413 shares of the cable giant's stock after acquiring an additional 10,354 shares during the quarter. Marion Wealth Management's holdings in Comcast were worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CMCSA. Investors Research Corp raised its stake in shares of Comcast by 8.3% in the first quarter. Investors Research Corp now owns 22,900 shares of the cable giant's stock valued at $845,000 after buying an additional 1,750 shares during the period. Somerset Trust Co raised its stake in shares of Comcast by 10.2% in the first quarter. Somerset Trust Co now owns 66,151 shares of the cable giant's stock valued at $2,441,000 after buying an additional 6,134 shares during the period. BTC Capital Management Inc. raised its stake in shares of Comcast by 11.3% in the first quarter. BTC Capital Management Inc. now owns 39,566 shares of the cable giant's stock valued at $1,460,000 after buying an additional 4,026 shares during the period. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after buying an additional 448 shares during the period. Finally, Welch Group LLC bought a new stake in shares of Comcast in the first quarter valued at $211,000. 84.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $37.00 price target on Comcast in a research report on Friday, April 25th. Barclays reduced their price target on Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.10.

Comcast Trading Down 0.7%

Shares of NASDAQ CMCSA traded down $0.24 during midday trading on Monday, reaching $34.33. The company had a trading volume of 25,279,503 shares, compared to its average volume of 21,997,702. Comcast Co. has a one year low of $31.44 and a one year high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm's fifty day moving average price is $34.64 and its 200-day moving average price is $36.63. The stock has a market cap of $128.18 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the company posted $1.04 EPS. Comcast's revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Wednesday, July 2nd. Comcast's payout ratio is 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.