Mesirow Financial Investment Management Inc. Buys 5,416 Shares of Comcast Corporation (NASDAQ:CMCSA)

Mesirow Financial Investment Management Inc. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 8.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 71,681 shares of the cable giant’s stock after acquiring an additional 5,416 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Comcast were worth $2,645,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new position in Comcast in the 1st quarter worth approximately $26,000. Abound Financial LLC purchased a new stake in shares of Comcast during the first quarter valued at approximately $29,000. Retirement Wealth Solutions LLC grew its holdings in shares of 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 purchasing an additional 448 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the fourth quarter worth $33,000. Finally, Global Wealth Strategies & Associates raised its holdings in Comcast by 203.4% during the 1st quarter. Global Wealth Strategies & Associates now owns 895 shares of the cable giant’s stock valued at $33,000 after buying an additional 600 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CMCSA. BNP Paribas Exane cut their price target on shares of Comcast from $31.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, April 25th. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price on the stock. in a research note on Thursday, April 10th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research report on Friday, July 18th. Arete Research upgraded Comcast to a “hold” rating in a research report on Tuesday, July 8th. Finally, New Street Research reduced their target price on Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.13.

Comcast Stock Performance

Shares of CMCSA stock opened at $32.50 on Thursday. The company has a market capitalization of $121.35 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.59 and a beta of 0.95. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. Comcast Corporation has a one year low of $31.44 and a one year high of $45.31. The company’s 50-day moving average is $34.86 and its 200 day moving average is $35.16.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is currently 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.