OMNI 360 Wealth Inc. Makes New Investment in Comcast Corporation (NASDAQ:CMCSA)

OMNI 360 Wealth Inc. acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,090 shares of the cable giant's stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant's stock valued at $6,240,000 after purchasing an additional 99,986 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Comcast during the 4th quarter valued at approximately $80,000. Proficio Capital Partners LLC increased its stake in Comcast by 42.9% during the 4th quarter. Proficio Capital Partners LLC now owns 15,930 shares of the cable giant's stock valued at $598,000 after purchasing an additional 4,781 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Comcast by 143.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,846 shares of the cable giant's stock worth $76,000 after buying an additional 1,089 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Comcast by 5.8% during the fourth quarter. Larson Financial Group LLC now owns 20,940 shares of the cable giant's stock worth $786,000 after purchasing an additional 1,157 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. dropped their target price on Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. KeyCorp decreased their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Evercore ISI lowered their target price on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Finally, New Street Research dropped their target price on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $40.96.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.56 during trading on Tuesday, reaching $36.00. The company's stock had a trading volume of 12,651,470 shares, compared to its average volume of 21,995,084. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $134.41 billion, a price-to-earnings ratio of 8.85, a P/E/G ratio of 1.74 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The business's fifty day moving average price is $34.85 and its 200-day moving average price is $35.47.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. As a group, analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.67%. Comcast's dividend payout ratio (DPR) is 32.43%.

Comcast 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.