Brookmont Capital Management Purchases 1,638 Shares of Comcast Co. (NASDAQ:CMCSA)

Brookmont Capital Management grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,754 shares of the cable giant’s stock after purchasing an additional 1,638 shares during the quarter. Comcast comprises approximately 2.4% of Brookmont Capital Management’s portfolio, making the stock its 11th biggest holding. Brookmont Capital Management’s holdings in Comcast were worth $4,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Wealthspire Advisors LLC increased its position in shares of Comcast by 4.8% during the fourth quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares during the period. Everett Harris & Co. CA grew its position in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after purchasing an additional 1,486 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Comcast in the fourth quarter worth $2,056,000. Finally, Axxcess Wealth Management LLC boosted its stake in Comcast by 10.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after buying an additional 10,936 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $48.62.

Insider Buying and Selling at Comcast

In related 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 value of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Up 2.3 %

Shares of NASDAQ:CMCSA traded up $0.88 on Friday, hitting $39.16. 38,270,406 shares of the company traded hands, compared to its average volume of 20,663,385. The company has a market cap of $153.65 billion, a PE ratio of 10.36, a PEG ratio of 0.95 and a beta of 1.00. The stock has a 50 day simple moving average of $38.71 and a 200-day simple moving average of $41.39. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.