Winthrop Advisory Group LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,022 shares of the cable giant’s stock, valued at approximately $242,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Acima Private Wealth LLC purchased a new position in shares of Comcast in the 4th quarter worth about $25,000. Litman Gregory Asset Management LLC purchased a new position in shares of Comcast in the 4th quarter worth about $30,000. Ironwood Financial llc purchased a new position in shares of Comcast in the 4th quarter worth about $32,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Comcast in the 4th quarter worth about $46,000. Finally, Truvestments Capital LLC purchased a new position in shares of Comcast in the 1st quarter worth about $58,000. Institutional investors and hedge funds own 81.61% of the company’s stock.
In other news, SVP Daniel C. Murdock sold 1,038 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total transaction of $43,596.00. Following the completion of the sale, the senior vice president now owns 3,707 shares of the company’s stock, valued at approximately $155,694. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David L. Cohen sold 164,288 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $37.85, for a total transaction of $6,218,300.80. Following the sale, the executive vice president now directly owns 650,656 shares of the company’s stock, valued at approximately $24,627,329.60. The disclosure for this sale can be found here. In the last three months, insiders sold 1,214,832 shares of company stock valued at $49,408,359. 1.35% of the stock is owned by insiders.
CMCSA has been the subject of several recent analyst reports. TD Securities lifted their price target on Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 24th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and issued a $44.00 price target on shares of Comcast in a research report on Tuesday, January 22nd. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Macquarie raised Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.65.
Shares of NASDAQ:CMCSA opened at $43.19 on Friday. Comcast Co. has a fifty-two week low of $30.67 and a fifty-two week high of $43.96. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $197.35 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The business had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. During the same quarter in the previous year, the firm earned $0.66 EPS. Comcast’s revenue was up 17.8% on a year-over-year basis. Sell-side analysts forecast that Comcast Co. will post 2.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, July 2nd. Comcast’s dividend payout ratio (DPR) is 32.94%.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
Featured Article: Rule of 72
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.