Marks Group Wealth Management Inc Has $2.13 Million Stock Holdings in Comcast Corporation (NASDAQ:CMCSA)

Marks Group Wealth Management Inc increased its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,732 shares of the cable giant’s stock after acquiring an additional 1,670 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Comcast were worth $2,130,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Secured Retirement Advisors LLC bought a new stake in Comcast in the first quarter valued at about $1,282,000. CWM LLC increased its holdings in Comcast by 6.2% in the first quarter. CWM LLC now owns 1,039,361 shares of the cable giant’s stock valued at $38,352,000 after purchasing an additional 60,566 shares during the last quarter. TFR Capital LLC. bought a new stake in Comcast in the first quarter valued at about $275,000. Hughes Financial Services LLC bought a new stake in Comcast in the first quarter valued at about $77,000. Finally, Stephens Inc. AR increased its holdings in Comcast by 25.1% in the first quarter. Stephens Inc. AR now owns 423,725 shares of the cable giant’s stock valued at $15,635,000 after purchasing an additional 84,994 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Rothschild & Co Redburn dropped their price objective on Comcast from $44.00 to $35.00 in a report on Friday, June 20th. TD Cowen dropped their price objective on Comcast from $46.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 25th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. New Street Research dropped their price target on Comcast from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Citigroup dropped their price target on Comcast from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.98.

Comcast Stock Down 1.2%

NASDAQ:CMCSA opened at $34.99 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $130.64 billion, a PE ratio of 8.60, a PEG ratio of 1.69 and a beta of 0.95. Comcast Corporation has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a 50-day simple moving average of $34.96 and a 200 day simple moving average of $35.41.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $29.89 billion during the quarter, compared to the consensus estimate of $29.82 billion. Comcast had a return on equity of 19.70% and a net margin of 12.72%. Comcast’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.77%. Comcast’s dividend payout ratio is 32.43%.

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.