Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Olstein Capital Management L.P.

Olstein Capital Management L.P. grew its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 50.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,000 shares of the cable giant's stock after purchasing an additional 56,000 shares during the quarter. Olstein Capital Management L.P.'s holdings in Comcast were worth $6,162,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Promus Capital LLC acquired a new stake in Comcast during the fourth quarter worth approximately $25,000. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at $28,000. Retirement Wealth Solutions LLC boosted its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast in the 4th quarter valued at $33,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 2.9%

CMCSA stock traded up $1.02 during mid-day trading on Tuesday, hitting $35.62. 21,239,426 shares of the company were exchanged, compared to its average volume of 22,068,822. The company has a market capitalization of $132.99 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. 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 Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $36.27.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping 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 company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business earned $1.04 EPS. The firm's revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer decreased their price target on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. KeyCorp cut their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Finally, Barclays cut their target price on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. 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 MarketBeat, Comcast currently has a consensus 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.