XML Financial LLC Has $1.76 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

XML Financial LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,475 shares of the cable giant’s stock after acquiring an additional 5,294 shares during the period. XML Financial LLC’s holdings in Comcast were worth $1,755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Comcast in the fourth quarter valued at $2,542,988,000. Capital World Investors increased its holdings in Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the period. Ontario Teachers Pension Plan Board raised its stake in shares of Comcast by 25,881.7% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 10,850,995 shares of the cable giant’s stock valued at $470,391,000 after buying an additional 10,809,231 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Comcast by 41.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 28,016,389 shares of the cable giant’s stock worth $1,214,512,000 after acquiring an additional 8,243,302 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Comcast by 80.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 10,542,253 shares of the cable giant’s stock valued at $457,007,000 after acquiring an additional 4,714,586 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’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 transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Comcast Stock Down 2.4 %

Shares of NASDAQ CMCSA traded down $1.01 during mid-day trading on Thursday, hitting $40.26. The company had a trading volume of 21,784,702 shares, compared to its average volume of 20,610,752. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.16. The firm has a 50-day simple moving average of $38.64 and a two-hundred day simple moving average of $40.60. The company has a market capitalization of $157.97 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating the consensus estimate of $1.12 by $0.09. The company had revenue of $29.69 billion during the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. On average, equities analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.08%. Comcast’s payout ratio is 32.80%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CMCSA shares. Wells Fargo & Company cut their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Barclays dropped their target price on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, July 25th. Finally, Macquarie reiterated a “neutral” rating and issued a $40.00 price target on shares of Comcast in a report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.01.

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.