OneAscent Wealth Management LLC Has $505,000 Position in Comcast Co. (NASDAQ:CMCSA)

OneAscent Wealth Management LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,646 shares of the cable giant’s stock after buying an additional 774 shares during the period. OneAscent Wealth Management LLC’s holdings in Comcast were worth $505,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Astoria Portfolio Advisors LLC. raised its holdings in shares of Comcast by 5.3% in the first quarter. Astoria Portfolio Advisors LLC. now owns 19,966 shares of the cable giant’s stock valued at $787,000 after buying an additional 1,011 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Comcast by 31.6% during the first quarter. Kathmere Capital Management LLC now owns 11,164 shares of the cable giant’s stock valued at $484,000 after purchasing an additional 2,683 shares during the last quarter. Atwater Malick LLC raised its position in Comcast by 1.5% in the 1st quarter. Atwater Malick LLC now owns 121,176 shares of the cable giant’s stock worth $5,253,000 after purchasing an additional 1,798 shares during the last quarter. Capital Insight Partners LLC lifted its holdings in Comcast by 0.8% during the 1st quarter. Capital Insight Partners LLC now owns 88,011 shares of the cable giant’s stock worth $3,815,000 after buying an additional 677 shares in the last quarter. Finally, Norwood Financial Corp raised its holdings in Comcast by 241.4% during the 1st quarter. Norwood Financial Corp now owns 1,195 shares of the cable giant’s stock worth $52,000 after purchasing an additional 845 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on 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 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 available at the SEC website. 1.26% of the stock is owned by company insiders.

Comcast Trading Up 2.3 %

CMCSA stock traded up $0.88 during midday trading on Friday, hitting $39.16. The company had a trading volume of 38,288,913 shares, compared to its average volume of 19,560,456. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock’s 50 day moving average price is $38.71 and its 200 day moving average price is $41.39. The stock has a market cap of $153.65 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.96 and a beta of 1.00.

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

Comcast Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CMCSA shares. Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.62.

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.