Continuum Advisory LLC Raises Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Continuum Advisory LLC grew its stake in Comcast Corporation (NASDAQ:CMCSA) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,241 shares of the cable giant’s stock after buying an additional 4,545 shares during the quarter. Continuum Advisory LLC’s holdings in Comcast were worth $858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. XML Financial LLC grew its position in shares of Comcast by 6.6% during the first quarter. XML Financial LLC now owns 39,148 shares of the cable giant’s stock worth $1,445,000 after purchasing an additional 2,413 shares in the last quarter. Palumbo Wealth Management LLC grew its holdings in Comcast by 43.6% during the 1st quarter. Palumbo Wealth Management LLC now owns 65,772 shares of the cable giant’s stock valued at $2,427,000 after buying an additional 19,982 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Comcast by 2.6% during the 1st quarter. Flagship Harbor Advisors LLC now owns 40,051 shares of the cable giant’s stock valued at $1,478,000 after buying an additional 1,025 shares in the last quarter. Live Oak Private Wealth LLC grew its holdings in Comcast by 47.0% during the 1st quarter. Live Oak Private Wealth LLC now owns 63,847 shares of the cable giant’s stock valued at $2,356,000 after buying an additional 20,416 shares in the last quarter. Finally, Crumly & Associates Inc. grew its holdings in Comcast by 14.9% during the 1st quarter. Crumly & Associates Inc. now owns 10,371 shares of the cable giant’s stock valued at $383,000 after buying an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2%

Shares of NASDAQ CMCSA opened at $34.59 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $34.51 and a two-hundred day simple moving average of $35.71. The firm has a market cap of $129.15 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 EPS. Analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMCSA shares. Barclays lowered their price objective on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Scotiabank reaffirmed a “sector perform” rating and issued a $44.50 price objective (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. Wells Fargo & Company lowered Comcast from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $37.00 to $31.00 in a research note on Monday, April 14th. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.