Investment Partners LTD. Buys 1,171 Shares of Comcast Co. (NASDAQ:CMCSA)

Investment Partners LTD. increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,202 shares of the cable giant’s stock after purchasing an additional 1,171 shares during the quarter. Investment Partners LTD.’s holdings in Comcast were worth $356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Steph & Co. increased its position in Comcast by 154.6% during 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 acquired a new stake in shares of Comcast during the fourth quarter valued at about $28,000. Pineridge Advisors LLC acquired a new position in shares of Comcast in the fourth quarter valued at approximately $32,000. Financial Synergies Wealth Advisors Inc. boosted its position in Comcast by 336.9% during 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. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast in the fourth quarter worth $34,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CMCSA. Citigroup lowered their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Seaport Res Ptn lowered shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group started coverage on Comcast in a research report on Tuesday. They issued a “buy” rating and a $44.00 price objective for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Finally, Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. One investment 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. According to MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $48.62.

Comcast Stock Performance

Comcast stock traded up $0.89 during mid-day trading on Friday, reaching $39.17. The company’s stock had a trading volume of 3,883,012 shares, compared to its average volume of 20,414,859. The company has a market capitalization of $153.69 billion, a P/E ratio of 10.13, a PEG ratio of 0.95 and a beta of 1.00. The firm’s fifty day moving average price is $38.76 and its two-hundred day moving average price is $41.44. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

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

Comcast Announces Dividend

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 paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is presently 32.80%.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.