22,700 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Constitution Capital LLC

Constitution Capital LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,700 shares of the cable giant’s stock, valued at approximately $838,000.

Other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Comcast during the fourth quarter valued at approximately $743,681,000. Bfsg LLC raised its position in Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Mission Wealth Management LP raised its position in Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after acquiring an additional 3,344 shares in the last quarter. Robinson Value Management Ltd. raised its position in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after acquiring an additional 59,107 shares in the last quarter. Finally, Aviva PLC raised its position in Comcast by 7.2% during the fourth quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock valued at $87,359,000 after acquiring an additional 156,986 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.4%

Shares of Comcast stock opened at $34.70 on Friday. Comcast Co. has a 1 year low of $31.44 and a 1 year 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’s fifty day simple moving average is $34.39 and its 200-day simple moving average is $36.43. The company has a market cap of $129.56 billion, a price-to-earnings ratio of 8.36, a PEG 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, topping 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 firm had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. Comcast’s dividend payout ratio is presently 32.43%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMCSA. Morgan Stanley set a $37.00 price objective on shares of Comcast in a research report on Friday, April 25th. Argus lowered shares of Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. Oppenheimer dropped their price target 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. Finally, Wall Street Zen raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.