Comcast Corporation (NASDAQ:CMCSA) Shares Acquired by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. lifted its stake in Comcast Corporation (NASDAQ:CMCSA) by 39.7% in the first quarter, HoldingsChannel reports. The firm owned 9,746 shares of the cable giant’s stock after purchasing an additional 2,768 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in Comcast were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Aviva PLC lifted its position in shares of Comcast by 7.2% in the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock worth $87,359,000 after purchasing an additional 156,986 shares in the last quarter. DAVENPORT & Co LLC increased its stake in Comcast by 41.7% in the 1st quarter. DAVENPORT & Co LLC now owns 4,282,833 shares of the cable giant’s stock valued at $157,766,000 after buying an additional 1,261,278 shares during the period. First Eagle Investment Management LLC lifted its position in Comcast by 7.1% in the 4th quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock worth $1,279,813,000 after buying an additional 2,270,186 shares in the last quarter. Argentarii LLC acquired a new stake in shares of Comcast during the 4th quarter valued at $769,000. Finally, Geode Capital Management LLC grew its holdings in shares of Comcast by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock valued at $3,212,244,000 after acquiring an additional 1,006,272 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.3%

Shares of CMCSA stock opened at $35.93 on Friday. The firm has a market capitalization of $134.13 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95. Comcast Corporation has a 1 year low of $31.44 and a 1 year high of $45.31. The firm’s fifty day simple moving average is $34.81 and its 200 day simple moving average is $35.50. 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 (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a net margin of 12.72% and a return on equity of 19.70%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 EPS. As a group, sell-side analysts predict that Comcast Corporation 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. Investors 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 3.67%. Comcast’s dividend payout ratio is 32.43%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CMCSA shares. BNP Paribas Exane reduced their price objective on Comcast from $31.00 to $30.00 and set an “underperform” rating for the company in a research report on Friday, April 25th. Evercore ISI reduced their price target on Comcast from $44.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Rothschild & Co Redburn lowered their price target on Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Comcast in a research report on Monday, April 28th. Finally, The Goldman Sachs Group reduced their target price on shares of Comcast from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and a consensus target price of $40.96.

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.