Buffington Mohr McNeal Has $428,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Buffington Mohr McNeal reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 25.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,880 shares of the cable giant’s stock after selling 3,400 shares during the quarter. Buffington Mohr McNeal’s holdings in Comcast were worth $428,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. lifted its holdings in shares of Comcast by 11.3% during the 1st quarter. MV Capital Management Inc. now owns 8,166 shares of the cable giant’s stock valued at $354,000 after buying an additional 827 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Comcast by 425.2% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 145,381 shares of the cable giant’s stock worth $6,302,000 after acquiring an additional 117,701 shares in the last quarter. Woodmont Investment Counsel LLC increased its stake in shares of Comcast by 38.7% during the 1st quarter. Woodmont Investment Counsel LLC now owns 9,852 shares of the cable giant’s stock worth $427,000 after purchasing an additional 2,750 shares during the last quarter. Exchange Capital Management Inc. raised its holdings in shares of Comcast by 6.6% during the 1st quarter. Exchange Capital Management Inc. now owns 152,785 shares of the cable giant’s stock valued at $6,623,000 after purchasing an additional 9,505 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its stake in shares of Comcast by 353.3% in the 1st quarter. Synergy Asset Management LLC now owns 105,956 shares of the cable giant’s stock valued at $4,593,000 after purchasing an additional 82,582 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.0 %

Shares of Comcast stock traded down $0.01 during trading on Tuesday, reaching $38.16. The stock had a trading volume of 15,706,968 shares, compared to its average volume of 20,601,395. The stock has a fifty day moving average price of $38.67 and a two-hundred day moving average price of $41.32. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a market capitalization of $149.73 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.98 and a beta of 1.00. 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 (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 earnings per share. Sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders 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 3.25%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CMCSA. Citigroup lowered their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. Scotiabank cut their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Hold” and an average target price of $48.53.

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.