Signet Investment Advisory Group Inc. Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Signet Investment Advisory Group Inc. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 39,426 shares of the cable giant’s stock after buying an additional 3,125 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Comcast were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Luken Investment Analytics LLC increased its stake in shares of Comcast by 258.0% in the 1st quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares in the last quarter. Steph & Co. increased its stake in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast in the 4th quarter worth $28,000. Pineridge Advisors LLC bought a new position in Comcast in the 4th quarter worth $32,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its holdings in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CMCSA shares. KeyCorp dropped their target price 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. Wells Fargo & Company dropped their target price 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. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Citigroup dropped their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Comcast presently has an average rating of “Hold” and an average price target of $45.78.

Insider Transactions at Comcast

In other 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 shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Up 0.3 %

Comcast stock traded up $0.10 during midday trading on Friday, reaching $39.62. The stock had a trading volume of 14,170,218 shares, compared to its average volume of 20,335,717. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.30. The firm has a market cap of $155.45 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. The company has a fifty day moving average of $38.71 and a 200 day moving average of $40.18.

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

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 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.