RFG Advisory LLC Has $2.38 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

RFG Advisory LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 120.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,488 shares of the cable giant’s stock after acquiring an additional 35,227 shares during the quarter. RFG Advisory LLC’s holdings in Comcast were worth $2,380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Comcast by 150.9% in the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after purchasing an additional 99,986 shares during the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Comcast by 11.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,442 shares of the cable giant’s stock valued at $354,000 after buying an additional 969 shares in the last quarter. Trust Point Inc. increased its holdings in Comcast by 5.2% in the fourth quarter. Trust Point Inc. now owns 24,479 shares of the cable giant’s stock worth $919,000 after buying an additional 1,203 shares during the last quarter. Mather Group LLC. lifted its stake in Comcast by 5.2% in the fourth quarter. Mather Group LLC. now owns 62,055 shares of the cable giant’s stock valued at $2,329,000 after acquiring an additional 3,060 shares during the last quarter. Finally, Avitas Wealth Management LLC grew its position in Comcast by 0.6% in the fourth quarter. Avitas Wealth Management LLC now owns 58,490 shares of the cable giant’s stock worth $2,195,000 after acquiring an additional 328 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent analyst reports. Morgan Stanley set a $37.00 price target on Comcast in a research note on Friday, April 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Wells Fargo & Company downgraded Comcast from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $37.00 to $31.00 in a research report on Monday, April 14th. Finally, Barclays cut their price objective on Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Two equities 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 assigned a strong buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Performance

NASDAQ:CMCSA opened at $34.44 on Thursday. The firm has a market capitalization 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 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 12-month low of $31.44 and a 12-month high of $45.31. The firm has a 50-day moving average price of $34.48 and a 200 day moving average price of $36.54.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during 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%. Comcast’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company 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. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.83%. Comcast’s dividend payout ratio (DPR) is presently 32.43%.

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.