Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 2.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,343 shares of the cable giant’s stock after buying an additional 695 shares during the period. Portside Wealth Group LLC’s holdings in Comcast were worth $989,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CMCSA. Raymond James Financial Inc. purchased a new position in shares of Comcast in the fourth quarter worth about $743,681,000. Bfsg LLC lifted its stake in Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after purchasing an additional 73,590 shares in the last quarter. Mission Wealth Management LP boosted its holdings in shares of Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock worth $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Robinson Value Management Ltd. boosted its holdings in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Finally, Private Management Group Inc. grew its position in shares of Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after purchasing an additional 24,827 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup lowered their price objective on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Barclays dropped their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research note on Friday, April 25th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target for the company. in a research note on Thursday, April 10th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Price Performance

Comcast stock opened at $34.44 on Thursday. The company has a quick ratio of 0.68, a current 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. The firm has a market cap of $128.59 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The company’s 50 day moving average is $34.48 and its two-hundred day moving average is $36.54.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $29.89 billion for the quarter, compared to analysts’ expectations of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. On average, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 yield of 3.83%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio is currently 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.