Homrich & Berg raised its stake in Comcast Co. (NASDAQ:CMCSA) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,228 shares of the cable giant’s stock after acquiring an additional 7,466 shares during the quarter. Homrich & Berg’s holdings in Comcast were worth $5,802,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Wagner Wealth Management LLC bought a new stake in shares of Comcast in the first quarter worth $28,000. Bogart Wealth LLC lifted its position in shares of Comcast by 274.7% in the first quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock worth $30,000 after purchasing an additional 412 shares in the last quarter. Lumature Wealth Partners LLC bought a new stake in shares of Comcast in the first quarter worth $31,000. ADE LLC bought a new stake in shares of Comcast in the fourth quarter worth $37,000. Finally, Retirement Group LLC lifted its position in shares of Comcast by 240.3% in the first quarter. Retirement Group LLC now owns 684 shares of the cable giant’s stock worth $37,000 after purchasing an additional 483 shares in the last quarter. Institutional investors own 82.89% of the company’s stock.
NASDAQ CMCSA traded down $0.24 during trading hours on Thursday, reaching $57.57. The company’s stock had a trading volume of 286,664 shares, compared to its average volume of 14,359,112. The firm has a market capitalization of $263.71 billion, a PE ratio of 22.85, a P/E/G ratio of 1.35 and a beta of 1.02. The company’s fifty day simple moving average is $56.94. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.96 and a current ratio of 0.96. Comcast Co. has a 52 week low of $40.97 and a 52 week high of $59.11.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 28th. Stockholders of record on Wednesday, July 7th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Tuesday, July 6th. Comcast’s dividend payout ratio (DPR) is 38.31%.
In related news, CEO Brian L. Roberts sold 709,673 shares of Comcast stock in a transaction on Friday, April 30th. The shares were sold at an average price of $55.20, for a total value of $39,173,949.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth J. Bacon sold 3,966 shares of Comcast stock in a transaction on Monday, May 10th. The shares were sold at an average price of $58.83, for a total transaction of $233,319.78. Following the completion of the sale, the director now directly owns 33,611 shares of the company’s stock, valued at approximately $1,977,335.13. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 717,670 shares of company stock valued at $39,636,593. Insiders own 1.35% of the company’s stock.
A number of analysts have recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 4th. Morgan Stanley upped their price target on shares of Comcast from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 29th. Wells Fargo & Company set a $57.55 price target on shares of Comcast and gave the stock a “sell” rating in a research report on Monday. Raymond James upped their price target on shares of Comcast from $63.00 to $65.00 and gave the stock an “outperform” rating in a research report on Friday, July 9th. Finally, The Goldman Sachs Group upped their price target on shares of Comcast from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, April 30th. One analyst has rated the stock with a sell rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $63.60.
Comcast Corp. is a media, entertainment, and communications company, which engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks and Sky. The Cable Communications segment provides video, Internet, voice, and security and automation services under the Xfinity brand.
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