Krilogy Financial LLC Purchases 767 Shares of Comcast Co. (NASDAQ:CMCSA)

Krilogy Financial LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,874 shares of the cable giant’s stock after acquiring an additional 767 shares during the quarter. Krilogy Financial LLC’s holdings in Comcast were worth $660,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Comcast by 150.9% during the 4th quarter. Brighton Jones LLC now owns 166,265 shares of the cable giant’s stock worth $6,240,000 after buying an additional 99,986 shares during the period. Root Financial Partners LLC boosted its holdings in shares of Comcast by 41.6% in the fourth quarter. Root Financial Partners LLC now owns 7,753 shares of the cable giant’s stock valued at $291,000 after buying an additional 2,277 shares during the period. Asset Planning Inc bought a new stake in shares of Comcast in the fourth quarter worth $59,000. AustralianSuper Pty Ltd lifted its position in shares of Comcast by 18.5% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,023,648 shares of the cable giant’s stock worth $75,948,000 after purchasing an additional 316,320 shares in the last quarter. Finally, PUREfi Wealth LLC bought a new stake in shares of Comcast in the fourth quarter worth $401,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $36.00 price target on shares of Comcast in a research report on Monday, April 28th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price target on the stock. in a report on Thursday, April 10th. Oppenheimer reduced their target price on shares of Comcast from $55.00 to $38.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. UBS Group set a $44.50 target price on shares of Comcast in a report on Friday, April 25th. Finally, Scotiabank restated a “sector perform” rating and issued a $44.50 price target (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $42.10.

Comcast Trading Down 0.7%

Shares of Comcast stock opened at $35.01 on Friday. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market cap of $130.72 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.95. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a fifty day simple moving average of $34.46 and a 200-day simple moving average of $36.11.

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

Comcast Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.77%. Comcast’s dividend payout ratio (DPR) 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.