Fiduciary Financial Group LLC Invests $381,000 in Comcast Co. (NASDAQ:CMCSA)

Fiduciary Financial Group LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,323 shares of the cable giant’s stock, valued at approximately $381,000.

Several other institutional investors have also modified their holdings of CMCSA. Norges Bank purchased a new stake in shares of Comcast during the 4th quarter worth approximately $3,835,226,000. Raymond James Financial Inc. purchased a new stake in Comcast in the 4th quarter valued at approximately $743,681,000. Amundi lifted its stake in Comcast by 147.9% in the 4th quarter. Amundi now owns 24,086,671 shares of the cable giant’s stock valued at $895,499,000 after buying an additional 14,369,056 shares in the last quarter. Capital World Investors lifted its stake in Comcast by 8.6% in the 4th quarter. Capital World Investors now owns 141,680,277 shares of the cable giant’s stock valued at $5,317,167,000 after buying an additional 11,255,683 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Comcast by 12.0% in the 4th quarter. Ameriprise Financial Inc. now owns 50,320,446 shares of the cable giant’s stock valued at $1,890,027,000 after buying an additional 5,402,377 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.62 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $132.99 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 1.78 and a beta of 0.95. The firm’s fifty day simple moving average is $34.35 and its 200 day simple moving average is $36.26. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its 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. The business had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. As a group, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.71%. Comcast’s payout ratio is 32.43%.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Scotiabank reaffirmed a “sector perform” rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research note on Friday, April 25th. Oppenheimer reduced their price target on Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. BNP Paribas lowered 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. UBS Group set a $44.50 price target on Comcast in a research note on Friday, April 25th. Finally, KeyCorp reduced their price target on Comcast from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price 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.