Optivise Advisory Services LLC Boosts Holdings in Comcast Corporation (NASDAQ:CMCSA)

Optivise Advisory Services LLC raised its holdings in Comcast Corporation (NASDAQ:CMCSA) by 47.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,278 shares of the cable giant’s stock after purchasing an additional 2,652 shares during the quarter. Optivise Advisory Services LLC’s holdings in Comcast were worth $305,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth about $3,835,226,000. Raymond James Financial Inc. purchased a new stake in shares of Comcast during the 4th quarter worth about $743,681,000. Amundi boosted its stake in shares of Comcast by 147.9% during the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock worth $895,499,000 after acquiring an additional 14,369,056 shares in the last quarter. Capital World Investors boosted its stake in shares of 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 acquiring an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of 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 acquiring an additional 5,402,377 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of CMCSA stock opened at $34.53 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a 52 week low of $31.44 and a 52 week high of $45.31. The stock has a market capitalization of $128.92 billion, a PE ratio of 8.48, a P/E/G ratio of 1.72 and a beta of 0.95. The firm has a 50 day moving average of $34.49 and a two-hundred day moving average of $35.99.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 12.72% and a return on equity of 19.70%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 EPS. On average, research analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.82%. Comcast’s dividend payout ratio (DPR) is currently 32.43%.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several research analyst reports. Argus downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. KeyCorp reduced their price target on shares of Comcast from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Barclays reduced their price target 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. UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Finally, Wells Fargo & Company downgraded shares of Comcast from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $37.00 to $31.00 in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $42.10.

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.