RMR Wealth Builders Has $1.77 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

RMR Wealth Builders boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,053 shares of the cable giant's stock after purchasing an additional 7,131 shares during the period. RMR Wealth Builders' holdings in Comcast were worth $1,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Promus Capital LLC bought a new stake in Comcast in the fourth quarter worth approximately $25,000. Roxbury Financial LLC bought a new stake in Comcast in the fourth quarter worth approximately $27,000. Retirement Wealth Solutions LLC grew its position in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Comcast in the fourth quarter worth approximately $33,000. Finally, Global Wealth Strategies & Associates grew its position in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock worth $33,000 after acquiring an additional 600 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CMCSA shares. Rosenblatt Securities restated a "neutral" rating and issued a $36.00 price objective on shares of Comcast in a research note on Monday, April 28th. Citigroup reduced their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Barclays reduced their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.26 during midday trading on Friday, reaching $35.01. 17,189,721 shares of the company's stock were exchanged, compared to its average volume of 22,092,584. The firm has a market capitalization of $130.72 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company's 50 day simple moving average is $34.46 and its two-hundred day simple moving average is $36.06. 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 announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analysts' expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS. Equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 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.