City Center Advisors LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

City Center Advisors LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,047 shares of the cable giant’s stock after purchasing an additional 692 shares during the quarter. City Center Advisors LLC’s holdings in Comcast were worth $518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in Comcast in the 4th quarter worth about $25,000. Roxbury Financial LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the fourth quarter worth approximately $28,000. Retirement Wealth Solutions LLC increased its position in shares of Comcast by 126.9% during the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after acquiring an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $33,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CMCSA shares. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 target price (down from $45.00) on shares of Comcast in a research report on Friday, April 25th. Oppenheimer reduced their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Citigroup reduced their target price on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Finally, KeyCorp dropped their price objective on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.10.

Comcast Price Performance

Shares of CMCSA opened at $34.70 on Friday. The company has a market cap of $129.56 billion, a price-to-earnings ratio of 8.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50 day moving average of $34.39 and a two-hundred day moving average of $36.38.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Comcast’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. As a group, analysts predict that Comcast Co. 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 paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a yield of 3.80%. Comcast’s dividend payout ratio (DPR) is 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.