Signet Financial Management LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Signet Financial Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,748 shares of the cable giant’s stock after acquiring an additional 2,142 shares during the period. Signet Financial Management LLC’s holdings in Comcast were worth $3,644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Sculati Wealth Management LLC grew its position in Comcast by 0.9% in the fourth quarter. Sculati Wealth Management LLC now owns 30,792 shares of the cable giant’s stock worth $1,156,000 after acquiring an additional 285 shares in the last quarter. Kovack Advisors Inc. grew its position in Comcast by 1.1% in the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant’s stock worth $993,000 after acquiring an additional 300 shares in the last quarter. Beck Mack & Oliver LLC grew its position in Comcast by 2.0% in the fourth quarter. Beck Mack & Oliver LLC now owns 15,539 shares of the cable giant’s stock worth $583,000 after acquiring an additional 300 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of Comcast by 9.0% during the 1st quarter. Toth Financial Advisory Corp now owns 3,630 shares of the cable giant’s stock worth $134,000 after buying an additional 300 shares during the period. Finally, Cypress Wealth Services LLC boosted its holdings in shares of Comcast by 1.7% during the 1st quarter. Cypress Wealth Services LLC now owns 18,706 shares of the cable giant’s stock worth $690,000 after buying an additional 318 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CMCSA shares. Barclays decreased their price objective on shares of Comcast from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. UBS Group set a $44.50 price objective on shares of Comcast in a report on Friday, April 25th. Morgan Stanley set a $37.00 price objective on shares of Comcast in a report on Friday, April 25th. Wall Street Zen raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Finally, Argus cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $42.10.

Comcast Trading Down 0.3%

Shares of CMCSA stock opened at $34.60 on Tuesday. Comcast Co. has a 52-week low of $31.44 and a 52-week high of $45.31. The stock has a market cap of $129.19 billion, a price-to-earnings ratio of 8.34, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a fifty day moving average of $34.35 and a 200-day moving average of $36.27.

Comcast (NASDAQ:CMCSA) last announced its earnings results 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 analysts’ expectations of $29.82 billion. Comcast had a net margin of 13.09% and a return on equity of 19.98%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $1.04 EPS. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 23rd. Investors of record on Wednesday, July 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Wednesday, July 2nd. Comcast’s dividend payout ratio (DPR) is currently 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.