Sowell Financial Services LLC Purchases 13,254 Shares of Comcast Corporation (NASDAQ:CMCSA)

Sowell Financial Services LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 75.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,928 shares of the cable giant's stock after acquiring an additional 13,254 shares during the period. Sowell Financial Services LLC's holdings in Comcast were worth $1,141,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Promus Capital LLC bought a new stake in Comcast during the 4th quarter valued at approximately $25,000. Retirement Wealth Solutions LLC boosted its position in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast in the fourth quarter worth $33,000. Global Wealth Strategies & Associates increased its position in Comcast by 203.4% during 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 during the period. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Comcast during the 4th quarter valued at $36,000. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

Comcast stock traded down $0.27 during trading hours on Thursday, hitting $34.26. 16,242,295 shares of the stock were exchanged, compared to its average volume of 21,993,902. Comcast Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The business's 50-day moving average is $34.48 and its two-hundred day moving average is $35.98. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $127.92 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.69 and a beta of 0.95.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the prior year, the company earned $1.04 EPS. Comcast's revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.85%. Comcast's dividend payout ratio is 32.43%.

Analyst Ratings Changes

Several research firms have recently issued reports on CMCSA. Scotiabank restated a "sector perform" rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a report on Friday, April 25th. Argus lowered Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. 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. Barclays decreased 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. Finally, Oppenheimer cut their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.10.

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.