Guinness Asset Management LTD Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Guinness Asset Management LTD raised its position in Comcast Co. (NASDAQ:CMCSAGet Rating) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,237 shares of the cable giant’s stock after purchasing an additional 10,015 shares during the quarter. Guinness Asset Management LTD’s holdings in Comcast were worth $21,314,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Comcast during the third quarter worth approximately $26,000. AHL Investment Management Inc. purchased a new position in shares of Comcast during the fourth quarter worth approximately $30,000. Sandy Cove Advisors LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $31,000. Core Alternative Capital increased its position in shares of Comcast by 86.9% during the fourth quarter. Core Alternative Capital now owns 684 shares of the cable giant’s stock worth $34,000 after acquiring an additional 318 shares during the period. Finally, Rise Advisors LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $36,000. 83.33% of the stock is currently owned by institutional investors.

Shares of Comcast stock opened at $38.90 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a fifty day moving average price of $42.48 and a 200 day moving average price of $46.34. Comcast Co. has a 1 year low of $37.56 and a 1 year high of $61.80. The stock has a market cap of $176.34 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96.

Comcast (NASDAQ:CMCSAGet Rating) last issued its earnings results on Thursday, April 28th. The cable giant reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.06. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The firm had revenue of $31.01 billion during the quarter, compared to analysts’ expectations of $30.40 billion. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts expect that Comcast Co. will post 3.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $1.08 annualized dividend and a dividend yield of 2.78%. Comcast’s dividend payout ratio (DPR) is presently 34.84%.

In related news, CAO Daniel C. Murdock sold 8,929 shares of Comcast stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $44.50, for a total value of $397,340.50. Following the completion of the transaction, the chief accounting officer now owns 1,817 shares in the company, valued at approximately $80,856.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.11% of the stock is currently owned by insiders.

CMCSA has been the topic of a number of recent research reports. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $67.00 to $50.00 in a research note on Friday, April 29th. Oppenheimer dropped their price objective on shares of Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, April 14th. Rosenblatt Securities initiated coverage on shares of Comcast in a research note on Tuesday, April 19th. They set a “neutral” rating and a $51.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Comcast from $60.00 to $55.00 in a research note on Friday, April 29th. Finally, Benchmark lowered their target price on shares of Comcast from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $58.38.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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