6,921 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Maia Wealth LLC

Maia Wealth LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,921 shares of the cable giant’s stock, valued at approximately $269,000.

Other hedge funds also recently bought and sold shares of the company. Capital World Investors lifted its stake in shares of Comcast by 7.4% in the first quarter. Capital World Investors now owns 115,703,280 shares of the cable giant’s stock valued at $5,015,737,000 after buying an additional 7,929,963 shares during the period. Norges Bank bought a new stake in shares of Comcast in the fourth quarter valued at about $2,542,988,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Comcast by 41.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock valued at $1,214,512,000 after buying an additional 8,243,302 shares during the period. Harris Associates L P lifted its stake in shares of Comcast by 10.9% in the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after buying an additional 1,854,671 shares during the period. Finally, LSV Asset Management lifted its stake in shares of Comcast by 3.8% in the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after buying an additional 570,050 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.1 %

Shares of NASDAQ CMCSA traded down $0.05 during mid-day trading on Wednesday, reaching $39.07. 516,676 shares of the company’s stock traded hands, compared to its average volume of 20,281,760. The stock has a market cap of $153.30 billion, a P/E ratio of 10.35, a PEG ratio of 1.07 and a beta of 1.00. The business has a 50-day simple moving average of $38.69 and a 200 day simple moving average of $40.29. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion for the quarter, compared to analyst estimates of $30.02 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.17%. Comcast’s dividend payout ratio is currently 32.80%.

Insider Activity at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Comcast from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a report on Tuesday, June 11th. Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. The Goldman Sachs Group assumed coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target for the company. Finally, KeyCorp lowered their price target on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.78.

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.