Michels Family Financial LLC Invests $645,000 in Comcast Co. (NASDAQ:CMCSA)

Michels Family Financial LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,190 shares of the cable giant's stock, valued at approximately $645,000.

A number of other large investors have also recently modified their holdings of the company. Red Door Wealth Management LLC raised its position in shares of Comcast by 18.7% in the 4th quarter. Red Door Wealth Management LLC now owns 10,244 shares of the cable giant's stock worth $384,000 after acquiring an additional 1,615 shares in the last quarter. Secure Asset Management LLC purchased a new stake in shares of Comcast in the 4th quarter valued at $246,000. Apeiron RIA LLC acquired a new stake in Comcast during the 4th quarter worth about $637,000. Cerro Pacific Wealth Advisors LLC raised its position in Comcast by 8.9% during the fourth quarter. Cerro Pacific Wealth Advisors LLC now owns 12,715 shares of the cable giant's stock valued at $477,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Hengehold Capital Management LLC increased its holdings in shares of Comcast by 0.8% during the 4th quarter. Hengehold Capital Management LLC now owns 76,597 shares of the cable giant's stock valued at $2,875,000 after purchasing an additional 631 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Morgan Stanley set a $37.00 price target on Comcast in a report on Friday, April 25th. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Oppenheimer dropped their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company cut shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Trading Up 1.2%

NASDAQ CMCSA traded up $0.43 on Tuesday, reaching $34.95. 22,017,079 shares of the company were exchanged, compared to its average volume of 21,963,748. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The stock has a market capitalization of $130.49 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The business's fifty day moving average price is $34.81 and its 200 day moving average price is $36.89. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.78%. 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.