Stonegate Investment Group LLC Buys 4,102 Shares of Comcast Corporation (NASDAQ:CMCSA)

Stonegate Investment Group LLC increased its stake in Comcast Corporation (NASDAQ:CMCSA) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,533 shares of the cable giant’s stock after acquiring an additional 4,102 shares during the period. Stonegate Investment Group LLC’s holdings in Comcast were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in Comcast during the 4th quarter valued at approximately $743,681,000. Mission Wealth Management LP raised its position in Comcast by 8.3% during the 4th quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant’s stock valued at $1,633,000 after purchasing an additional 3,344 shares during the last quarter. Aviva PLC raised its position in Comcast by 7.2% during the 4th quarter. Aviva PLC now owns 2,327,702 shares of the cable giant’s stock valued at $87,359,000 after purchasing an additional 156,986 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of 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 acquiring an additional 2,270,186 shares in the last quarter. Finally, Argentarii LLC bought a new position in shares of Comcast in the 4th quarter worth approximately $769,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $34.53 on Friday. The business’s fifty day simple moving average is $34.50 and its two-hundred day simple moving average is $35.82. 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 Corporation has a 12 month low of $31.44 and a 12 month high of $45.31. The company has a market cap of $128.92 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 1.69 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 24th. The cable giant reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. Comcast had a return on equity of 19.70% and a net margin of 12.72%. The business had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $29.82 billion. During the same period last year, the business posted $1.04 EPS. The company’s revenue was down .6% compared to the same quarter last year. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders 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 3.82%. Comcast’s dividend payout ratio is 32.43%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMCSA. Argus lowered Comcast from a “buy” rating to a “hold” rating in a research report on Tuesday, May 6th. Scotiabank reissued a “sector perform” rating and issued a $44.50 target price (down previously from $45.00) on shares of Comcast in a research report on Friday, April 25th. Oppenheimer decreased their target price on Comcast from $55.00 to $38.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $36.00 target price on shares of Comcast in a research report on Monday, April 28th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 target price for the company. in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Comcast 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.