Mattern Capital Management LLC Has $7.89 Million Position in Comcast Corporation (NASDAQ:CMCSA)

Mattern Capital Management LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 213,875 shares of the cable giant's stock after buying an additional 7,160 shares during the period. Mattern Capital Management LLC's holdings in Comcast were worth $7,892,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Promus Capital LLC bought a new stake in shares of Comcast in the fourth quarter valued at about $25,000. Inlight Wealth Management LLC bought a new stake in shares of Comcast in the first quarter valued at about $26,000. Retirement Wealth Solutions LLC lifted 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. Mpwm Advisory Solutions LLC bought a new stake in shares of Comcast in the fourth quarter valued at about $33,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after buying an additional 600 shares during the period. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of Comcast stock opened at $35.21 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $131.46 billion, a P/E ratio of 8.65, a P/E/G ratio of 1.69 and a beta of 0.95. The firm has a 50 day simple moving average of $34.53 and a 200 day simple moving average of $35.70. Comcast Corporation has a fifty-two week low of $31.44 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly 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. The business had revenue of $29.89 billion during 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%. Comcast's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. Sell-side analysts predict 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. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. UBS Group set a $44.50 price target on shares of Comcast in a research note on Friday, April 25th. Oppenheimer cut their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target for the company. in a research note on Thursday, April 10th. Finally, Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast presently 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.

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