Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,426 shares of the cable giant’s stock after purchasing an additional 689 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Comcast were worth $495,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Greenwich Wealth Management LLC raised its stake in shares of Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after buying an additional 219 shares in the last quarter. Legend Financial Advisors Inc. grew its holdings in Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the period. Beaumont Asset Management L.L.C. raised its position in Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares in the last quarter. Keystone Financial Services lifted its holdings in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the last quarter. Finally, Bollard Group LLC boosted its position in shares of Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock valued at $1,622,000 after purchasing an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock traded down $0.01 on Tuesday, reaching $38.16. 15,706,968 shares of the company were exchanged, compared to its average volume of 20,601,395. The firm has a market capitalization of $149.73 billion, a PE ratio of 10.08, a PEG ratio of 0.98 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The stock’s fifty day moving average price is $38.67 and its 200 day moving average price is $41.32. 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 (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping 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 business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors 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 yield of 3.25%. Comcast’s payout ratio is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Citigroup cut their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Oppenheimer restated an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Finally, The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective for the company. One investment 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. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average price target of $48.53.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

Comcast Company 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.