World Investment Advisors Acquires 16,973 Shares of Comcast Corporation (NASDAQ:CMCSA)

World Investment Advisors raised its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 275,439 shares of the cable giant's stock after purchasing an additional 16,973 shares during the quarter. World Investment Advisors' holdings in Comcast were worth $10,164,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Promus Capital LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Comcast during the 1st quarter valued at $26,000. Retirement Wealth Solutions LLC boosted its holdings in shares of Comcast by 126.9% during the 1st 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 in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $33,000. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of Comcast by 203.4% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CMCSA. Bernstein Bank cut their price objective on Comcast from $38.00 to $37.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Oppenheimer lowered their target price on Comcast from $55.00 to $38.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. KeyCorp lowered their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, BNP Paribas Exane lowered their target price on Comcast from $31.00 to $30.00 and set an "underperform" rating for the company in a research report on Friday, April 25th. Three research analysts have rated the stock with a sell rating, ten have given 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.com, the stock presently has an average rating of "Hold" and a consensus target price of $40.96.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.10 during midday trading on Friday, reaching $35.93. The company's stock had a trading volume of 10,160,934 shares, compared to its average volume of 22,060,166. Comcast Corporation has a 12-month low of $31.44 and a 12-month high of $45.31. The firm has a 50 day moving average price of $34.81 and a 200-day moving average price of $35.50. The stock has a market capitalization of $134.13 billion, a P/E ratio of 8.83, a PEG ratio of 1.74 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The company's revenue was down .6% compared to the same quarter last year. As a group, equities analysts predict that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.67%. 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.