Comcast Corporation (NASDAQ:CMCSA) Shares Bought by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC grew its position in Comcast Corporation (NASDAQ:CMCSA) by 49.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,459 shares of the cable giant’s stock after purchasing an additional 9,387 shares during the period. Duncan Williams Asset Management LLC’s holdings in Comcast were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CMCSA. Norges Bank purchased a new position in shares of Comcast during the fourth quarter worth $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast in the fourth quarter valued at $743,681,000. Amundi grew its position in 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 purchasing an additional 14,369,056 shares during the period. Capital World Investors raised 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 valued at $5,317,167,000 after buying an additional 11,255,683 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CMCSA shares. Wall Street Zen raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Scotiabank reaffirmed a “sector perform” rating and set a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Barclays cut their target price 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. Rosenblatt Securities reissued a “neutral” rating and set a $36.00 price target on shares of Comcast in a report on Monday, April 28th. Finally, UBS Group set a $44.50 price target on shares of Comcast in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Trading Down 0.8%

Shares of Comcast stock opened at $34.26 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.06. Comcast Corporation has a twelve month low of $31.44 and a twelve month high of $45.31. The firm has a market capitalization of $127.92 billion, a PE ratio of 8.42, a P/E/G ratio of 1.69 and a beta of 0.95. The firm’s 50-day moving average price is $34.48 and its 200 day moving average price is $35.98.

Comcast (NASDAQ:CMCSA) last released 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 business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 earnings per share. On average, sell-side analysts predict that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm 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 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 yield of 3.85%. Comcast’s dividend payout ratio (DPR) 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.