Bard Financial Services Inc. Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Bard Financial Services Inc. boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,215 shares of the cable giant’s stock after buying an additional 14,805 shares during the period. Bard Financial Services Inc.’s holdings in Comcast were worth $6,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter valued at about $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter valued at about $28,000. Retirement Wealth Solutions LLC increased its holdings in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research reports. Oppenheimer cut their price objective on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a report on Friday, April 25th. Finally, Citigroup dropped their target price on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.62 on Wednesday. The company has a market capitalization of $132.99 billion, a P/E ratio of 8.58, a P/E/G ratio of 1.78 and a beta of 0.95. The business’s 50 day moving average is $34.35 and its two-hundred day moving average is $36.26. 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 Co. has a 12-month low of $31.44 and a 12-month 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. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Comcast’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.04 earnings per share. Analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors 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 yield of 3.71%. Comcast’s payout ratio is 32.43%.

About Comcast

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.