Apella Capital LLC Has $485,000 Position in Comcast Co. (NASDAQ:CMCSA)

Apella Capital LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 44.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,783 shares of the cable giant’s stock after purchasing an additional 4,249 shares during the quarter. Apella Capital LLC’s holdings in Comcast were worth $485,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Capital World Investors increased its position in Comcast by 8.6% during the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock worth $5,317,167,000 after purchasing an additional 11,255,683 shares in the last quarter. Norges Bank acquired a new position in Comcast during the 4th quarter worth approximately $3,835,226,000. Geode Capital Management LLC increased its position in Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. Dodge & Cox increased its position in Comcast by 6.8% during the 4th quarter. Dodge & Cox now owns 79,102,667 shares of the cable giant’s stock worth $2,968,723,000 after purchasing an additional 5,039,823 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Comcast by 12.0% during the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock worth $1,890,027,000 after purchasing an additional 5,402,377 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Citigroup lowered their price objective on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Oppenheimer lowered their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Barclays lowered their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. 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 report on Thursday, April 10th. Finally, UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Trading Down 0.6%

NASDAQ:CMCSA opened at $34.44 on Thursday. The firm’s fifty day moving average is $34.48 and its 200-day moving average is $36.54. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. 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 P/E ratio of 8.30, a P/E/G ratio of 1.78 and a beta of 0.97.

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

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 32.43%.

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.