Iams Wealth Management LLC Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Iams Wealth Management LLC raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,973 shares of the cable giant’s stock after buying an additional 902 shares during the period. Iams Wealth Management LLC’s holdings in Comcast were worth $1,643,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Steph & Co. raised its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast during the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new position in shares of Comcast during the fourth quarter valued at approximately $32,000. Financial Synergies Wealth Advisors Inc. increased its stake in shares of Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 593 shares in the last quarter. Finally, Tennessee Valley Asset Management Partners bought a new position in shares of Comcast during the fourth quarter valued at approximately $34,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of CMCSA traded down $0.14 during trading hours on Tuesday, reaching $38.03. 3,256,872 shares of the stock traded hands, compared to its average volume of 20,523,896. 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 company’s 50-day moving average price is $38.71 and its two-hundred day moving average price is $41.37. The company has a market cap of $149.22 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00.

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

Comcast Dividend Announcement

The business also recently declared 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 3.26%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is currently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of analyst reports. Macquarie decreased their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Evercore ISI cut their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday. Oppenheimer restated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Scotiabank decreased their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.53.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction 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 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 can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

About Comcast

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.