Stephens Inc. AR Raises Stock Position in Comcast Corporation (NASDAQ:CMCSA)

Stephens Inc. AR increased its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 25.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 423,725 shares of the cable giant's stock after acquiring an additional 84,994 shares during the period. Stephens Inc. AR's holdings in Comcast were worth $15,635,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Sculati Wealth Management LLC raised its stake in shares of Comcast by 0.9% in the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant's stock valued at $1,156,000 after purchasing an additional 285 shares during the period. Beck Mack & Oliver LLC grew its holdings in shares of Comcast by 2.0% in the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant's stock valued at $583,000 after acquiring an additional 300 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in shares of Comcast by 9.0% in the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant's stock valued at $134,000 after acquiring an additional 300 shares in the last quarter. Cypress Wealth Services LLC grew its holdings in shares of Comcast by 1.7% in the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock valued at $690,000 after acquiring an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. grew its holdings in shares of Comcast by 3.3% in the 1st quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant's stock valued at $373,000 after acquiring an additional 319 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Barclays dropped their price target on shares of Comcast from $37.00 to $35.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. BNP Paribas Exane decreased their target price on shares of Comcast from $31.00 to $30.00 and set an "underperform" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on shares of Comcast from $39.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. New Street Research decreased their target price on shares of Comcast from $44.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Moffett Nathanson boosted their target price on shares of Comcast from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of "Hold" and a consensus price target of $40.98.

Comcast Trading Up 1.9%

Shares of NASDAQ:CMCSA traded up $0.65 during midday trading on Monday, hitting $35.64. 18,539,932 shares of the stock traded hands, compared to its average volume of 21,981,238. The stock has a market capitalization of $133.07 billion, a PE ratio of 8.76, a P/E/G ratio of 1.69 and a beta of 0.95. The business's 50 day moving average is $34.96 and its two-hundred day moving average is $35.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. 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 released its quarterly 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. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. Comcast's revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced 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. This represents a $1.32 annualized dividend and a yield of 3.70%. The ex-dividend date is Wednesday, July 2nd. 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.