Apella Capital LLC Buys 4,249 Shares of Comcast Co. (NASDAQ:CMCSA)

Apella Capital LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 44.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,783 shares of the cable giant’s stock after purchasing an additional 4,249 shares during the quarter. Apella Capital LLC’s holdings in Comcast were worth $485,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Comcast by 150.9% during the fourth quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its holdings in shares of Comcast by 11.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,442 shares of the cable giant’s stock worth $354,000 after acquiring an additional 969 shares during the period. Trust Point Inc. increased its stake in Comcast by 5.2% in the 4th quarter. Trust Point Inc. now owns 24,479 shares of the cable giant’s stock valued at $919,000 after buying an additional 1,203 shares during the last quarter. Mather Group LLC. increased its stake in Comcast by 5.2% in the 4th quarter. Mather Group LLC. now owns 62,055 shares of the cable giant’s stock valued at $2,329,000 after buying an additional 3,060 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its stake in Comcast by 0.6% in the 4th quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant’s stock valued at $2,195,000 after buying an additional 328 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Wells Fargo & Company lowered shares of Comcast from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $37.00 to $31.00 in a research note on Monday, April 14th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research note on Friday, April 25th. Scotiabank restated a “sector perform” rating and set a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Finally, Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.44 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $128.59 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.78 and a beta of 0.97. Comcast Co. 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 $34.48 and a two-hundred day moving average price of $36.54.

Comcast (NASDAQ:CMCSA) last posted 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 firm had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 EPS. Analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 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.