Comcast Co. (NASDAQ:CMCSA) Shares Acquired by RFG Advisory LLC

RFG Advisory LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 120.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,488 shares of the cable giant’s stock after buying an additional 35,227 shares during the period. RFG Advisory LLC’s holdings in Comcast were worth $2,380,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at about $743,681,000. Bfsg LLC raised its position in shares of Comcast by 752.8% during the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Mission Wealth Management LP lifted its stake in Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. boosted its holdings in Comcast by 136.7% in the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after purchasing an additional 59,107 shares during the period. Finally, Private Management Group Inc. increased its stake in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after purchasing an additional 24,827 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research reports. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a report on Tuesday, May 6th. Citigroup decreased their target price on Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, April 25th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Thursday, April 10th. UBS Group set a $44.50 price objective on Comcast in a research report on Friday, April 25th. Finally, 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Stock Down 0.6%

CMCSA stock opened at $34.44 on Thursday. The firm’s 50-day moving average is $34.48 and its two-hundred day moving average is $36.54. The company has a market capitalization of $128.59 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed 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 is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.83%. 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.