Wolf Group Capital Advisors Purchases Shares of 9,593 Comcast Corporation (NASDAQ:CMCSA)

Wolf Group Capital Advisors purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,593 shares of the cable giant's stock, valued at approximately $354,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Promus Capital LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $25,000. Retirement Wealth Solutions LLC raised its stake in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant's stock valued at $30,000 after acquiring an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Comcast during the fourth quarter valued at $33,000. Global Wealth Strategies & Associates raised its stake in shares of Comcast by 203.4% during the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant's stock valued at $33,000 after acquiring an additional 600 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Comcast during the fourth quarter valued at $36,000. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CMCSA. Wells Fargo & Company downgraded shares of Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Morgan Stanley set a $37.00 price target on shares of Comcast in a research note on Friday, April 25th. Argus downgraded shares of Comcast from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th. Wall Street Zen raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Finally, KeyCorp decreased their price objective on shares of Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.10.

Comcast Stock Down 0.8%

Shares of CMCSA traded down $0.27 during trading hours on Thursday, hitting $34.26. The stock had a trading volume of 16,242,295 shares, compared to its average volume of 21,993,902. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50 day simple moving average of $34.48 and a 200-day simple moving average of $35.98. The firm has a market capitalization of $127.92 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business posted $1.04 EPS. Sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

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 paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.85%. Comcast's dividend payout ratio 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.