Simplicity Wealth LLC Buys 35,900 Shares of Comcast Co. (NASDAQ:CMCSA)

Simplicity Wealth LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 446.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,949 shares of the cable giant's stock after purchasing an additional 35,900 shares during the quarter. Simplicity Wealth LLC's holdings in Comcast were worth $1,622,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Promus Capital LLC bought a new position in Comcast during the fourth quarter worth $25,000. Roxbury Financial LLC acquired a new position in Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast during the 4th quarter worth approximately $28,000. Retirement Wealth Solutions LLC lifted its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock worth $30,000 after purchasing an additional 448 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Comcast during the 4th quarter worth $33,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Argus lowered shares of Comcast from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Scotiabank restated a "sector perform" rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Oppenheimer cut their price target on Comcast from $55.00 to $38.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered 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. Finally, Citigroup reduced their price target on Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.10.

Comcast Trading Up 0.1%

CMCSA traded up $0.02 during trading on Thursday, reaching $35.20. The company had a trading volume of 3,393,393 shares, compared to its average volume of 22,006,043. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The company has a market cap of $131.43 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.78 and a beta of 0.95. The firm's 50-day simple moving average is $34.38 and its 200 day simple moving average is $36.26.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating 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 business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast's payout ratio is presently 32.43%.

Comcast Company 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.