Comcast Co. (NASDAQ:CMCSA) Shares Bought by ProVise Management Group LLC

ProVise Management Group LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 404,082 shares of the cable giant’s stock after acquiring an additional 10,161 shares during the quarter. Comcast makes up about 1.5% of ProVise Management Group LLC’s holdings, making the stock its 16th biggest position. ProVise Management Group LLC’s holdings in Comcast were worth $17,719,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CMCSA. Wealthspire Advisors LLC grew its position in Comcast by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares during the last quarter. Everett Harris & Co. CA raised its stake in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. increased its stake in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Comcast by 10.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after acquiring an additional 10,936 shares during the last quarter. Finally, Altus Wealth Group LLC raised its holdings in Comcast by 8.3% in the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after buying an additional 1,432 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated 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 transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.26% of the stock is currently owned by insiders.

Comcast Stock Down 0.4 %

NASDAQ:CMCSA traded down $0.14 on Friday, hitting $38.54. 14,375,197 shares of the company’s stock traded hands, compared to its average volume of 20,521,033. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The firm has a 50-day moving average price of $40.29 and a 200-day moving average price of $42.07. The company has a market cap of $151.22 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the company earned $0.92 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Tuesday, April 9th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Finally, Citigroup decreased their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

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.