Thrive Wealth Management LLC Purchases 2,057 Shares of Comcast Co. (NASDAQ:CMCSA)

Thrive Wealth Management LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 12.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,179 shares of the cable giant’s stock after acquiring an additional 2,057 shares during the quarter. Thrive Wealth Management LLC’s holdings in Comcast were worth $831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steph & Co. boosted its stake in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A bought a new position in Comcast in the 4th quarter worth about $28,000. Pineridge Advisors LLC purchased a new position in shares of Comcast during the 4th quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. raised its holdings in shares of Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after buying an additional 593 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CMCSA shares. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup decreased their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Finally, BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $48.62.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale 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

Comcast stock traded up $0.69 during mid-day trading on Friday, reaching $38.97. 1,423,699 shares of the stock traded hands, compared to its average volume of 20,395,027. The stock has a market capitalization of $152.90 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The business’s 50-day moving average is $38.76 and its 200-day moving average is $41.44.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors 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 yield of 3.18%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 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.