Simon Quick Advisors LLC Has $1.08 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Simon Quick Advisors LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 41.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,182 shares of the cable giant's stock after purchasing an additional 8,582 shares during the period. Simon Quick Advisors LLC's holdings in Comcast were worth $1,077,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter valued at $25,000. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth $27,000. Retirement Wealth Solutions LLC grew its holdings 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 acquiring an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Comcast during the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates grew its holdings in Comcast by 203.4% during the 1st 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. Oppenheimer decreased their price objective on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wells Fargo & Company lowered shares of Comcast from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $37.00 to $31.00 in a report on Monday, April 14th. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a report on Tuesday, May 6th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Barclays decreased their price objective on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.26 during trading hours on Friday, reaching $35.01. The stock had a trading volume of 17,189,721 shares, compared to its average volume of 22,092,584. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a 50-day simple moving average of $34.46 and a 200-day simple moving average of $36.11. 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.

Comcast (NASDAQ:CMCSA - Get Free Report) last released 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 business had revenue of $29.89 billion for 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 company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. As a group, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date 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%.

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.