6,921 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Maia Wealth LLC

Maia Wealth LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the 2nd quarter, HoldingsChannel reports. The fund bought 6,921 shares of the cable giant’s stock, valued at approximately $269,000.

A number of other institutional investors have also recently bought and sold shares of the company. Luken Investment Analytics LLC increased its stake in shares of Comcast by 258.0% in the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after purchasing an additional 418 shares during the period. Steph & Co. increased its stake in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the fourth quarter worth about $28,000. Pineridge Advisors LLC bought a new position in Comcast during the fourth quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in 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 acquiring an additional 593 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.1 %

Shares of Comcast stock traded down $0.05 on Wednesday, hitting $39.07. 516,676 shares of the company’s stock traded hands, compared to its average volume of 20,281,760. The firm’s 50-day moving average price is $38.69 and its two-hundred day moving average price is $40.29. The stock has a market capitalization of $153.30 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.66 and a quick ratio of 0.66.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.09. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. On average, research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays lowered their price objective on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group assumed coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. Evercore ISI reduced their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Monday, May 13th. Finally, Scotiabank reduced their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $45.78.

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.