Dover Advisors LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Dover Advisors LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,023 shares of the cable giant’s stock after buying an additional 532 shares during the quarter. Dover Advisors LLC’s holdings in Comcast were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Promus Capital LLC purchased a new position in Comcast during the fourth quarter worth about $25,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter worth about $27,000. Retirement Wealth Solutions LLC raised its holdings in shares of Comcast by 126.9% in the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after purchasing an additional 448 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the 4th quarter worth about $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of Comcast by 203.4% in the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after purchasing an additional 600 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA opened at $35.01 on Friday. The firm has a market cap of $130.72 billion, a price-to-earnings ratio of 8.44, a PEG ratio of 1.78 and a beta of 0.95. The stock has a 50 day moving average of $34.46 and a 200-day moving average of $36.15. 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 52 week low of $31.44 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, topping 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 company had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. During the same quarter last year, the firm earned $1.04 EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts forecast that Comcast Co. will post 4.33 EPS for the current 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 3.77%. Comcast’s dividend payout ratio is currently 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research reports. Rosenblatt Securities restated a “neutral” rating and issued a $36.00 price objective on shares of Comcast in a report on Monday, April 28th. KeyCorp cut their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. UBS Group set a $44.50 price objective on Comcast in a report on Friday, April 25th. Barclays dropped their target price on Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company downgraded Comcast from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.10.

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.