apricus wealth LLC Purchases Shares of 49,445 Comcast Co. (NASDAQ:CMCSA)

apricus wealth LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,445 shares of the cable giant’s stock, valued at approximately $1,825,000.

Several other hedge funds also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in Comcast in the fourth quarter valued at $25,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the fourth quarter worth about $28,000. Retirement Wealth Solutions LLC raised its position 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 acquiring an additional 448 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Comcast in the fourth quarter worth about $33,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

Comcast stock opened at $35.18 on Thursday. The firm has a 50 day simple moving average of $34.38 and a 200-day simple moving average of $36.26. Comcast Co. has a 1-year low of $31.44 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $131.35 billion, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last posted its quarterly 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. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $29.82 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Stockholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. Comcast’s dividend payout ratio (DPR) is 32.43%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CMCSA shares. Scotiabank restated a “sector perform” rating and set a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. 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. 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. Morgan Stanley set a $37.00 price target on shares of Comcast in a research report on Friday, April 25th. Finally, Citigroup reduced their price target on shares of Comcast from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.10.

Comcast Company 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.