RBA Wealth Management LLC Purchases 3,349 Shares of Comcast Co. (NASDAQ:CMCSA)

RBA Wealth Management LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSAGet Rating) by 4.0% during the first quarter, HoldingsChannel reports. The fund owned 86,278 shares of the cable giant’s stock after buying an additional 3,349 shares during the period. Comcast comprises about 1.9% of RBA Wealth Management LLC’s investment portfolio, making the stock its 20th largest position. RBA Wealth Management LLC’s holdings in Comcast were worth $4,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CMCSA. Norges Bank acquired a new stake in shares of Comcast during the fourth quarter worth $2,507,025,000. Capital Research Global Investors increased its stake in Comcast by 8.8% in the 4th quarter. Capital Research Global Investors now owns 156,125,921 shares of the cable giant’s stock valued at $7,857,828,000 after buying an additional 12,642,202 shares during the last quarter. Marshall Wace LLP increased its stake in Comcast by 911.0% in the 4th quarter. Marshall Wace LLP now owns 7,571,121 shares of the cable giant’s stock valued at $381,055,000 after buying an additional 6,822,276 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Comcast by 22.6% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 24,557,276 shares of the cable giant’s stock valued at $1,373,488,000 after buying an additional 4,523,041 shares during the last quarter. Finally, SRS Investment Management LLC increased its stake in Comcast by 162.9% in the 4th quarter. SRS Investment Management LLC now owns 7,187,614 shares of the cable giant’s stock valued at $361,753,000 after buying an additional 4,454,106 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

In other news, CAO Daniel C. Murdock sold 8,929 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $44.50, for a total value of $397,340.50. Following the sale, the chief accounting officer now directly owns 1,817 shares of the company’s stock, valued at approximately $80,856.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.11% of the company’s stock.

Several brokerages have issued reports on CMCSA. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the company from $67.00 to $50.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Comcast from $62.00 to $60.00 in a research note on Friday, April 29th. TD Securities lowered their price objective on shares of Comcast from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, April 29th. Barclays lowered their price objective on shares of Comcast from $56.00 to $48.00 in a research note on Friday, April 29th. Finally, Truist Financial lowered shares of Comcast from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $70.00 to $50.00 in a research note on Tuesday, March 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $58.38.

NASDAQ CMCSA traded down $0.17 on Thursday, hitting $38.73. The company’s stock had a trading volume of 670,317 shares, compared to its average volume of 21,907,338. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. Comcast Co. has a 1-year low of $37.56 and a 1-year high of $61.80. The company’s 50-day moving average is $42.48 and its 200 day moving average is $46.34. The firm has a market cap of $175.57 billion, a PE ratio of 12.55, a PEG ratio of 0.80 and a beta of 0.96.

Comcast (NASDAQ:CMCSAGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The cable giant reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Comcast had a net margin of 11.96% and a return on equity of 15.92%. The company had revenue of $31.01 billion for the quarter, compared to analyst estimates of $30.40 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts expect that Comcast Co. will post 3.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 27th. Stockholders of record on Wednesday, July 6th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s dividend payout ratio is currently 34.84%.

Comcast 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.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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