Beacon Capital Management LLC Raises Stake in Comcast Corporation (NASDAQ:CMCSA)

Beacon Capital Management LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 39.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,222 shares of the cable giant’s stock after purchasing an additional 625 shares during the period. Beacon Capital Management LLC’s holdings in Comcast were worth $82,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sculati Wealth Management LLC boosted its stake in Comcast by 0.9% during the 4th quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock valued at $1,156,000 after purchasing an additional 285 shares during the period. Kovack Advisors Inc. boosted its stake in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock valued at $993,000 after purchasing an additional 300 shares during the period. Beck Mack & Oliver LLC boosted its stake in Comcast by 2.0% during the 4th quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock valued at $583,000 after purchasing an additional 300 shares during the period. Toth Financial Advisory Corp raised its position in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after buying an additional 300 shares in the last quarter. Finally, 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 buying an additional 318 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Down 1.7%

CMCSA stock opened at $34.53 on Wednesday. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The company’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $35.99. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $128.92 billion, a P/E ratio of 8.48, a P/E/G ratio of 1.72 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last released its quarterly 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 net margin of 12.72% and a return on equity of 19.70%. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be issued 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 3.82%. Comcast’s dividend payout ratio is currently 32.43%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KeyCorp dropped their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Barclays dropped their price target on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Rosenblatt Securities restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Finally, Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.10.

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.