Embree Financial Group Decreases Stake in Comcast Co. (NASDAQ:CMCSA)

Embree Financial Group cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 65,710 shares of the cable giant’s stock after selling 3,177 shares during the period. Embree Financial Group’s holdings in Comcast were worth $2,849,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. VeraBank N.A. lifted its stake in shares of Comcast by 20.3% during the first quarter. VeraBank N.A. now owns 9,310 shares of the cable giant’s stock valued at $404,000 after buying an additional 1,568 shares during the period. Catalina Capital Group LLC lifted its position in shares of Comcast by 107.3% during the first quarter. Catalina Capital Group LLC now owns 21,043 shares of the cable giant’s stock worth $912,000 after purchasing an additional 10,890 shares in the last quarter. Avidian Wealth Solutions LLC boosted its position in Comcast by 12.3% in the 1st quarter. Avidian Wealth Solutions LLC now owns 15,001 shares of the cable giant’s stock valued at $650,000 after buying an additional 1,640 shares during the last quarter. TFB Advisors LLC acquired a new stake in Comcast during the 1st quarter valued at approximately $422,000. Finally, Mediolanum International Funds Ltd bought a new stake in shares of Comcast in the first quarter worth $11,605,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CMCSA. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Wells Fargo & Company dropped their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. The Goldman Sachs Group began coverage on shares of Comcast in a research report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Macquarie dropped their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, Benchmark restated a “buy” rating and issued a $55.00 target price 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 given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $48.53.

Insider Activity at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’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 in the company, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.2 %

Shares of NASDAQ CMCSA traded down $0.08 during trading hours on Wednesday, hitting $37.43. The stock had a trading volume of 19,193,874 shares, compared to its average volume of 20,410,691. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market capitalization of $146.86 billion, a P/E ratio of 9.90, a P/E/G ratio of 0.93 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The firm’s 50-day moving average price is $38.51 and its two-hundred day moving average price is $41.02.

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

Comcast Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.