Garland Capital Management Inc. Buys 4,065 Shares of Comcast Corporation (NASDAQ:CMCSA)

Garland Capital Management Inc. grew its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,105 shares of the cable giant’s stock after acquiring an additional 4,065 shares during the period. Comcast comprises approximately 3.0% of Garland Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Garland Capital Management Inc.’s holdings in Comcast were worth $3,177,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Promus Capital LLC bought a new position in Comcast in the fourth quarter worth approximately $25,000. Retirement Wealth Solutions LLC raised its stake in Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in Comcast in the fourth quarter worth approximately $33,000. Global Wealth Strategies & Associates raised its stake in Comcast by 203.4% in the first quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after buying an additional 600 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Comcast in the fourth quarter worth approximately $36,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA opened at $34.53 on Friday. The firm has a market capitalization of $128.92 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. Comcast Corporation has a 1-year low of $31.44 and a 1-year high of $45.31. The company’s fifty day moving average price is $34.50 and its 200-day moving average price is $35.86.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 earnings per share. On average, equities research analysts predict that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

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

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. UBS Group set a $44.50 price objective on shares of Comcast in a research note on Friday, April 25th. Wall Street Zen raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Oppenheimer reduced their price objective on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Scotiabank reissued a “sector perform” rating and issued a $44.50 price objective (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Finally, Citigroup cut their price target on shares of Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.