Topsail Wealth Management LLC Acquires Shares of 7,945 Comcast Corporation (NASDAQ:CMCSA)

Topsail Wealth Management LLC acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 7,945 shares of the cable giant's stock, valued at approximately $293,000.

A number of other large investors have also recently made changes to their positions in CMCSA. Cornerstone Planning Group LLC lifted its position in shares of Comcast by 544.0% in the first quarter. Cornerstone Planning Group LLC now owns 6,318 shares of the cable giant's stock worth $218,000 after buying an additional 5,337 shares in the last quarter. Flossbach Von Storch SE purchased a new position in shares of Comcast in the 1st quarter worth approximately $251,000. DekaBank Deutsche Girozentrale boosted its holdings in Comcast by 1.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,003,389 shares of the cable giant's stock valued at $143,254,000 after acquiring an additional 37,903 shares during the period. OMNI 360 Wealth Inc. purchased a new position in Comcast during the 1st quarter valued at $335,000. Finally, Stratos Investment Management LLC boosted its holdings in Comcast by 30.9% during the 1st quarter. Stratos Investment Management LLC now owns 30,434 shares of the cable giant's stock valued at $1,123,000 after acquiring an additional 7,185 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.1%

Shares of CMCSA traded down $0.03 during midday trading on Thursday, hitting $35.60. 4,748,926 shares of the stock were exchanged, compared to its average volume of 21,929,916. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a fifty day simple moving average of $34.92 and a 200 day simple moving average of $35.47. The firm has a market cap of $132.90 billion, a P/E ratio of 8.75, a P/E/G ratio of 1.74 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last released 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. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same period last year, the business posted $1.04 earnings per share. Comcast's revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders 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 dividend yield of 3.71%. The ex-dividend date is Wednesday, July 2nd. Comcast's dividend payout ratio (DPR) is currently 32.43%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMCSA. Evercore ISI reduced their price target on Comcast from $44.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Rothschild & Co Redburn reduced their target price on Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. The Goldman Sachs Group dropped their price target on Comcast from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Barclays lowered their target price on Comcast from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Rosenblatt Securities restated a "neutral" rating and issued a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Comcast currently has an average rating of "Hold" and a consensus price target of $40.96.

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.