Comcast Co. (NASDAQ:CMCSA) Holdings Raised by Precedent Wealth Partners LLC

Precedent Wealth Partners LLC raised its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 34.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,617 shares of the cable giant's stock after purchasing an additional 7,613 shares during the period. Precedent Wealth Partners LLC's holdings in Comcast were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter valued at $25,000. Roxbury Financial LLC acquired a new stake in shares of Comcast in the 4th quarter valued at about $27,000. Retirement Wealth Solutions LLC grew its stake in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the fourth quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates lifted its stake in 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 last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CMCSA shares. Rosenblatt Securities reiterated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Oppenheimer lowered their price objective on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Morgan Stanley set a $37.00 target price on Comcast in a research note on Friday, April 25th. Finally, Barclays dropped their price objective on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Up 0.3%

Shares of CMCSA traded up $0.10 during mid-day trading on Monday, reaching $35.11. 18,321,255 shares of the stock traded hands, compared to its average volume of 22,077,489. 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 stock has a fifty day simple moving average of $34.46 and a 200 day simple moving average of $36.06. The firm has a market cap of $131.09 billion, a price-to-earnings ratio of 8.46, a P/E/G ratio of 1.78 and a beta of 0.95. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31.

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, 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 the consensus estimate of $29.82 billion. During the same quarter in the previous year, the firm earned $1.04 EPS. The company's revenue was down .6% on a year-over-year basis. Sell-side analysts expect that Comcast Co. will post 4.33 EPS 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 given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.76%. Comcast's payout ratio is currently 32.43%.

About Comcast

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.