Secured Retirement Advisors LLC Acquires Shares of 34,749 Comcast Corporation (NASDAQ:CMCSA)

Secured Retirement Advisors LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,749 shares of the cable giant's stock, valued at approximately $1,282,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC lifted its holdings in Comcast by 6.2% in the first quarter. CWM LLC now owns 1,039,361 shares of the cable giant's stock valued at $38,352,000 after buying an additional 60,566 shares during the period. TFR Capital LLC. bought a new position in shares of Comcast during the 1st quarter valued at about $275,000. Hughes Financial Services LLC acquired a new position in shares of Comcast in the 1st quarter valued at approximately $77,000. Stephens Inc. AR increased its stake in Comcast by 25.1% during the 1st quarter. Stephens Inc. AR now owns 423,725 shares of the cable giant's stock worth $15,635,000 after purchasing an additional 84,994 shares in the last quarter. Finally, Platform Technology Partners raised its holdings in Comcast by 6.5% during the 1st quarter. Platform Technology Partners now owns 7,009 shares of the cable giant's stock worth $259,000 after buying an additional 429 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. KeyCorp reduced their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. New Street Research cut their target price on Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $36.00 price target on shares of Comcast in a research note on Monday, April 28th. BNP Paribas downgraded shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective on the stock. in a report on Thursday, April 10th. Finally, UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of "Hold" and an average target price of $40.98.

Comcast Price Performance

Comcast stock opened at $34.99 on Friday. The firm has a market cap of $130.64 billion, a PE ratio of 8.60, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The stock's fifty day moving average price is $34.96 and its two-hundred day moving average price is $35.41. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the company posted $1.04 earnings per share. The business's revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.77%. Comcast's dividend payout ratio 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.

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