Continuum Advisory LLC Buys 4,545 Shares of Comcast Corporation (NASDAQ:CMCSA)

Continuum Advisory LLC lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 24.3% in the 1st quarter, HoldingsChannel reports. The fund owned 23,241 shares of the cable giant’s stock after purchasing an additional 4,545 shares during the quarter. Continuum Advisory LLC’s holdings in Comcast were worth $858,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Promus Capital LLC purchased a new position in Comcast during the 4th quarter worth $25,000. Inlight Wealth Management LLC purchased a new position in Comcast during the 1st quarter worth $26,000. Retirement Wealth Solutions LLC grew its stake in Comcast by 126.9% during the 1st quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock worth $30,000 after buying an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Comcast during the 4th quarter worth $33,000. Finally, Global Wealth Strategies & Associates grew its stake in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock worth $33,000 after buying an additional 600 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. KeyCorp dropped their target price on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Rosenblatt Securities restated a “neutral” rating and set a $36.00 target price on shares of Comcast in a research note on Monday, April 28th. Citigroup dropped their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Finally, Scotiabank reiterated a “sector perform” rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Two research 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. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $34.59 on Tuesday. The stock has a market cap of $129.15 billion, a PE ratio of 8.50, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The business has a 50-day simple moving average of $34.51 and a 200-day simple moving average of $35.71. 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.

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

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued 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 3.82%. Comcast’s payout ratio 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.