Pines Wealth Management LLC Grows Stock Position in Comcast Co. (NASDAQ:CMCSA)

Pines Wealth Management LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 27.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,092 shares of the cable giant’s stock after buying an additional 2,401 shares during the period. Pines Wealth Management LLC’s holdings in Comcast were worth $409,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sculati Wealth Management LLC raised its stake in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after buying an additional 285 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after acquiring an additional 300 shares in the last quarter. Beck Mack & Oliver LLC raised its position in shares of Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock worth $583,000 after acquiring an additional 300 shares in the last quarter. Cypress Wealth Services LLC raised its position in shares of Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock worth $690,000 after acquiring an additional 318 shares in the last quarter. Finally, Lakeshore Capital Group Inc. raised its holdings in Comcast by 3.3% during the first quarter. Lakeshore Capital Group Inc. now owns 10,112 shares of the cable giant’s stock worth $373,000 after purchasing an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Citigroup cut their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. UBS Group set a $44.50 price target on shares of Comcast 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 target price on the stock. in a research report on Thursday, April 10th. Morgan Stanley set a $37.00 target price on Comcast in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Stock Performance

Shares of CMCSA opened at $34.70 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $129.56 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.78 and a beta of 0.95. The company’s fifty day moving average is $34.39 and its two-hundred day moving average is $36.38. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 annualized dividend and a yield of 3.80%. Comcast’s payout ratio is currently 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.