CFO4Life Group LLC Purchases 1,520 Shares of Comcast Co. (NASDAQ:CMCSA)

CFO4Life Group LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 20.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,911 shares of the cable giant’s stock after buying an additional 1,520 shares during the quarter. CFO4Life Group LLC’s holdings in Comcast were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CMCSA. Luken Investment Analytics LLC lifted its position 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 valued at $25,000 after buying an additional 418 shares during the last quarter. Steph & Co. lifted its position in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $28,000. Finally, Pineridge Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $32,000. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMCSA. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 2nd. Citigroup lowered their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. One 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, the company presently has a consensus rating of “Hold” and a consensus price target of $48.53.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Performance

Shares of Comcast stock traded up $0.42 during trading on Friday, hitting $38.17. 5,934,095 shares of the company’s stock were exchanged, compared to its average volume of 20,286,816. 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 business has a 50-day simple moving average of $38.50 and a 200-day simple moving average of $41.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock has a market capitalization of $149.76 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.93 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the company posted $0.92 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, research analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued 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 32.80%.

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.