Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 34.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,966 shares of the cable giant's stock after buying an additional 12,134 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Comcast were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Cypress Wealth Services LLC raised its stake in Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant's stock worth $690,000 after acquiring an additional 318 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Comcast by 135.7% during the first quarter. LS Investment Advisors LLC now owns 29,148 shares of the cable giant's stock worth $1,076,000 after purchasing an additional 16,781 shares during the last quarter. HF Advisory Group LLC increased its position in shares of Comcast by 18.3% during the first quarter. HF Advisory Group LLC now owns 35,127 shares of the cable giant's stock worth $1,296,000 after purchasing an additional 5,427 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in shares of Comcast by 2.7% in the 1st quarter. Portside Wealth Group LLC now owns 26,343 shares of the cable giant's stock valued at $989,000 after purchasing an additional 695 shares during the last quarter. Finally, Benson Investment Management Company Inc. boosted its position in shares of Comcast by 0.3% in the 1st quarter. Benson Investment Management Company Inc. now owns 125,558 shares of the cable giant's stock valued at $4,633,000 after purchasing an additional 385 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of CMCSA traded up $0.48 during trading hours on Friday, reaching $34.70. The company had a trading volume of 13,753,001 shares, compared to its average volume of 22,033,763. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a 50 day simple moving average of $34.43 and a 200-day simple moving average of $36.48. The company has a market capitalization of $129.56 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. The company had revenue of $29.89 billion during 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 firm's quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. Research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued 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 yield of 3.80%. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley set a $37.00 price objective on Comcast in a research note on Friday, April 25th. KeyCorp cut their target price on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Oppenheimer decreased their target price on shares of Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and a consensus target price of $42.10.

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.