Wakefield Asset Management LLLP Invests $450,000 in Comcast Corporation (NASDAQ:CMCSA)

Wakefield Asset Management LLLP acquired a new stake in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,192 shares of the cable giant's stock, valued at approximately $450,000.

A number of other institutional investors have also modified their holdings of the business. Capital World Investors boosted its holdings in shares of Comcast by 8.6% in the fourth quarter. Capital World Investors now owns 141,680,277 shares of the cable giant's stock valued at $5,317,167,000 after acquiring an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new position in Comcast in the 4th quarter valued at approximately $3,835,226,000. Geode Capital Management LLC increased its stake in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant's stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares during the last quarter. Dodge & Cox increased its stake in shares of Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant's stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant's stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CMCSA shares. New Street Research reduced their price objective on shares of Comcast from $44.00 to $38.00 and set a "buy" rating for the company in a report on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Arete Research raised shares of Comcast to a "hold" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn cut their price objective on shares of Comcast from $44.00 to $35.00 in a research report on Friday, June 20th. Finally, Evercore ISI dropped their price target on shares of Comcast from $44.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Comcast presently has a consensus rating of "Hold" and a consensus price target of $41.13.

Comcast Price Performance

Shares of CMCSA stock traded down $1.69 on Friday, reaching $33.68. The company had a trading volume of 32,916,863 shares, compared to its average volume of 24,325,230. The stock has a market capitalization of $125.75 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. 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. The business's 50-day moving average is $35.04 and its 200 day moving average is $35.27.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $1.04 EPS. Equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

Comcast 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.