Accurate Wealth Management LLC Buys 1,561 Shares of Comcast Co. (NASDAQ:CMCSA)

Accurate Wealth Management LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 11.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,839 shares of the cable giant’s stock after buying an additional 1,561 shares during the period. Accurate Wealth Management LLC’s holdings in Comcast were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Fiduciary Financial Group LLC bought a new stake in shares of Comcast during the first quarter worth approximately $381,000. Simplicity Wealth LLC grew its holdings in Comcast by 446.0% during the 1st quarter. Simplicity Wealth LLC now owns 43,949 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 35,900 shares during the period. Signet Financial Management LLC raised its position in shares of Comcast by 2.2% during the 1st quarter. Signet Financial Management LLC now owns 98,748 shares of the cable giant’s stock valued at $3,644,000 after acquiring an additional 2,142 shares during the last quarter. Cardinal Capital Management Inc. boosted its position in shares of Comcast by 5.2% in the 1st quarter. Cardinal Capital Management Inc. now owns 680,615 shares of the cable giant’s stock worth $25,115,000 after purchasing an additional 33,524 shares during the last quarter. Finally, Olstein Capital Management L.P. grew its stake in shares of Comcast by 50.5% during the first quarter. Olstein Capital Management L.P. now owns 167,000 shares of the cable giant’s stock worth $6,162,000 after purchasing an additional 56,000 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $35.62 on Wednesday. The stock has a 50-day moving average price of $34.35 and a two-hundred day moving average price of $36.26. Comcast Co. has a 1 year low of $31.44 and a 1 year high of $45.31. The stock has a market cap of $132.99 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. 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 earnings results 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. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the firm earned $1.04 EPS. Comcast’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm 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 $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

Analyst Ratings Changes

Several equities analysts have weighed in on CMCSA shares. KeyCorp cut their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Oppenheimer cut their price target on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Citigroup reduced 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. UBS Group set a $44.50 target price on shares of Comcast in a research note on Friday, April 25th. Finally, Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

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.