Comcast Co. (NASDAQ:CMCSA) Shares Sold by Ceeto Capital Group LLC

Ceeto Capital Group LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,170 shares of the cable giant’s stock after selling 3,700 shares during the quarter. Comcast makes up about 0.9% of Ceeto Capital Group LLC’s portfolio, making the stock its 25th biggest holding. Ceeto Capital Group LLC’s holdings in Comcast were worth $2,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Luken Investment Analytics LLC lifted its position in Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. lifted its position in 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 last quarter. OLD Point Trust & Financial Services N A acquired a new position in Comcast in the fourth quarter valued at about $28,000. Pineridge Advisors LLC acquired a new position in Comcast in the fourth quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its position in 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 last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CMCSA shares. Oppenheimer reissued an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Evercore ISI reduced their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Finally, Benchmark reissued a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.96.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $1.45 during mid-day trading on Friday, hitting $39.69. 24,563,940 shares of the company were exchanged, compared to its average volume of 19,189,402. The company has a quick ratio of 0.59, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. The stock has a 50 day simple moving average of $38.53 and a 200-day simple moving average of $40.63. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The firm has a market cap of $155.73 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. During the same period last year, the company earned $1.13 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.