Transform Wealth LLC Sells 2,740 Shares of Comcast Co. (NASDAQ:CMCSA)

Transform Wealth LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,031 shares of the cable giant’s stock after selling 2,740 shares during the period. Transform Wealth LLC’s holdings in Comcast were worth $2,169,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Investment Partners LTD. raised its holdings in Comcast by 16.7% in the 1st quarter. Investment Partners LTD. now owns 8,202 shares of the cable giant’s stock valued at $356,000 after acquiring an additional 1,171 shares during the period. Thrive Wealth Management LLC boosted its position in Comcast by 12.0% in the first quarter. Thrive Wealth Management LLC now owns 19,179 shares of the cable giant’s stock valued at $831,000 after buying an additional 2,057 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Comcast by 0.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 808,607 shares of the cable giant’s stock valued at $35,053,000 after buying an additional 5,824 shares in the last quarter. Procyon Advisors LLC boosted its position in Comcast by 13.1% in the first quarter. Procyon Advisors LLC now owns 145,095 shares of the cable giant’s stock valued at $6,290,000 after buying an additional 16,856 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in Comcast by 5.8% in the first quarter. Franklin Street Advisors Inc. NC now owns 7,078 shares of the cable giant’s stock valued at $307,000 after buying an additional 385 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.2 %

Comcast stock traded up $0.06 during trading hours on Thursday, reaching $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 fifty day simple moving average of $38.76 and a 200-day simple moving average of $41.44. The stock has a market cap of $150.20 billion, a PE ratio of 10.13, a PEG ratio of 0.96 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.24%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a report on Tuesday, June 11th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has an average rating of “Hold” and an average price target of $48.62.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated 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 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.26% of the company’s stock.

Comcast 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.