Comcast Co. (NASDAQ:CMCSA) Stock Position Lessened by Transform Wealth LLC

Transform Wealth LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,031 shares of the cable giant’s stock after selling 2,740 shares during the quarter. Transform Wealth LLC’s holdings in Comcast were worth $2,169,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Steph & Co. lifted its holdings in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast in the fourth quarter valued at $28,000. Pineridge Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at $32,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its holdings in shares of Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after buying an additional 593 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.2 %

CMCSA stock traded up $0.06 during mid-day trading on Thursday, hitting $38.28. The stock had a trading volume of 13,071,850 shares, compared to its average volume of 20,548,795. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $150.20 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 0.96 and a beta of 1.00. The company has a fifty day moving average of $38.76 and a 200 day moving average of $41.44. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, equities analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is 32.80%.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CMCSA shares. The Goldman Sachs Group started coverage on Comcast in a report on Tuesday. They set a “buy” rating and a $44.00 target price for the company. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Wells Fargo & Company reduced their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Citigroup reduced their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.62.

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.