17,220 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Sweeney & Michel LLC

Sweeney & Michel LLC purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,220 shares of the cable giant’s stock, valued at approximately $684,000.

Several other institutional investors have also bought and sold shares of CMCSA. Assenagon Asset Management S.A. lifted its holdings in Comcast by 38.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 152,156 shares of the cable giant’s stock worth $6,672,000 after purchasing an additional 42,309 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Comcast by 5.2% during the 4th quarter. Global Retirement Partners LLC now owns 49,672 shares of the cable giant’s stock valued at $2,140,000 after purchasing an additional 2,434 shares during the last quarter. Griffin Asset Management Inc. increased its position in shares of Comcast by 2.4% during the 4th quarter. Griffin Asset Management Inc. now owns 17,695 shares of the cable giant’s stock valued at $776,000 after purchasing an additional 415 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in shares of Comcast by 9.9% during the 4th quarter. Woodmont Investment Counsel LLC now owns 7,102 shares of the cable giant’s stock valued at $311,000 after purchasing an additional 641 shares during the last quarter. Finally, PFG Advisors increased its position in shares of Comcast by 28.8% during the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several recent research reports. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research report on Tuesday, June 11th. Wells Fargo & Company reduced their price objective 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 initiated coverage on Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Oppenheimer reiterated an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Barclays reduced their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.01.

Comcast Trading Up 0.3 %

NASDAQ CMCSA traded up $0.13 on Tuesday, hitting $40.81. The company’s stock had a trading volume of 25,221,401 shares, compared to its average volume of 20,572,496. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. 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 company’s 50-day simple moving average is $38.60 and its 200 day simple moving average is $40.59. The firm has a market cap of $160.12 billion, a P/E ratio of 10.80, a PEG ratio of 1.05 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. Comcast had a return on equity of 20.17% and a net margin of 12.46%. The business had revenue of $29.69 billion during the quarter, compared to analysts’ expectations of $30.02 billion. During the same quarter last year, the business posted $1.13 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Research analysts predict that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 2nd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by company insiders.

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.