Wealth Enhancement Advisory Services LLC Purchases 143,593 Shares of Comcast Corporation (NASDAQ:CMCSA)

Wealth Enhancement Advisory Services LLC grew its position in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 883,677 shares of the cable giant's stock after acquiring an additional 143,593 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Comcast were worth $32,608,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC lifted its stake in shares of Comcast by 1.5% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 117,034 shares of the cable giant's stock worth $4,319,000 after buying an additional 1,696 shares during the last quarter. Krilogy Financial LLC lifted its stake in shares of Comcast by 4.5% during the 1st quarter. Krilogy Financial LLC now owns 17,874 shares of the cable giant's stock worth $660,000 after buying an additional 767 shares during the last quarter. Donald L. Hagan LLC lifted its stake in shares of Comcast by 2.1% during the 1st quarter. Donald L. Hagan LLC now owns 44,934 shares of the cable giant's stock worth $1,658,000 after buying an additional 908 shares during the last quarter. Paragon Capital Management Ltd lifted its stake in shares of Comcast by 154.7% during the 1st quarter. Paragon Capital Management Ltd now owns 31,549 shares of the cable giant's stock worth $1,164,000 after buying an additional 19,164 shares during the last quarter. Finally, Verity & Verity LLC raised its stake in Comcast by 10.8% in the 1st quarter. Verity & Verity LLC now owns 426,216 shares of the cable giant's stock worth $15,727,000 after purchasing an additional 41,392 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Citigroup dropped their price objective on shares of Comcast from $44.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Argus cut shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Finally, Oppenheimer dropped their price objective 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 research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average price target of $42.10.

Comcast Stock Up 0.8%

Comcast stock opened at $34.53 on Friday. 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 12-month low of $31.44 and a 12-month high of $45.31. The firm's fifty day moving average is $34.50 and its 200 day moving average is $35.86. The company has a market capitalization of $128.92 billion, a PE ratio of 8.48, a PEG ratio of 1.67 and a beta of 0.95.

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 net margin of 12.72% and a return on equity of 19.70%. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the company earned $1.04 EPS. Comcast's quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. Comcast's dividend payout ratio (DPR) is presently 32.43%.

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.

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