Michels Family Financial LLC Purchases New Position in Comcast Co. (NASDAQ:CMCSA)

Michels Family Financial LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,190 shares of the cable giant’s stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCSA. Peak Retirement Planning Inc. purchased a new position in Comcast during the fourth quarter worth about $757,000. Toronto Dominion Bank raised its holdings in Comcast by 6.3% during the fourth quarter. Toronto Dominion Bank now owns 2,918,095 shares of the cable giant’s stock worth $109,513,000 after purchasing an additional 172,871 shares in the last quarter. North Star Asset Management Inc. raised its holdings in Comcast by 2.1% during the fourth quarter. North Star Asset Management Inc. now owns 32,768 shares of the cable giant’s stock worth $1,230,000 after purchasing an additional 687 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Comcast during the fourth quarter worth about $27,150,000. Finally, Parr Mcknight Wealth Management Group LLC purchased a new position in Comcast during the fourth quarter worth about $4,576,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Barclays lowered their target price on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Oppenheimer lowered their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Sanford C. Bernstein set a $38.00 target price on shares of Comcast in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $42.10.

Comcast Stock Performance

Shares of CMCSA stock opened at $34.52 on Friday. The company’s fifty day simple moving average is $34.84 and its 200-day simple moving average is $37.06. Comcast Co. has a 52 week low of $31.44 and a 52 week high of $45.31. 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 company has a market cap of $128.89 billion, a PE ratio of 8.32, a P/E/G ratio of 1.78 and a beta of 0.97.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter last year, the firm posted $1.04 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced 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. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Wednesday, July 2nd. Comcast’s dividend payout ratio is presently 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.