Oxler Private Wealth LLC Raises Position in Comcast Co. (NASDAQ:CMCSA)

Oxler Private Wealth LLC grew its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 378.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,194 shares of the cable giant's stock after acquiring an additional 27,834 shares during the period. Oxler Private Wealth LLC's holdings in Comcast were worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Luken Investment Analytics LLC lifted its stake in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant's stock valued at $25,000 after purchasing an additional 418 shares during the period. Steph & Co. lifted its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant's stock valued at $26,000 after purchasing an additional 371 shares during the period. NewSquare Capital LLC raised its position in Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant's stock worth $28,000 after acquiring an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant's stock worth $28,000 after acquiring an additional 475,675 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new position in Comcast during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA remained flat at $39.21 on Tuesday. 13,471,584 shares of the company's stock were exchanged, compared to its average volume of 20,656,951. The business has a fifty day simple moving average of $40.46 and a 200-day simple moving average of $42.11. The company has a market cap of $153.85 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.16%. Comcast's dividend payout ratio is presently 32.80%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CMCSA. Redburn Atlantic lowered shares of Comcast from a "buy" rating to a "neutral" rating and cut their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a "sector perform" rating for the company in a research report on Friday, April 26th. BNP Paribas reissued a "neutral" rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. Oppenheimer reissued an "outperform" rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Macquarie cut their price objective on shares of Comcast from $43.00 to $40.00 and set a "neutral" rating for the company in a research report on Monday, May 13th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average price target of $49.33.

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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