Register Financial Advisors LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Register Financial Advisors LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,266 shares of the cable giant’s stock, valued at approximately $98,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in Comcast during the fourth quarter valued at $2,542,988,000. Capital World Investors raised its stake in Comcast by 17.0% during the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC raised its stake in Comcast by 116.8% during the fourth quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after buying an additional 2,772,190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in Comcast by 215.7% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after buying an additional 2,474,946 shares during the last quarter. Finally, Pathstone Holdings LLC purchased a new position in Comcast during the fourth quarter valued at $108,332,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CMCSA shares. Macquarie cut their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Wells Fargo & Company lowered 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. Benchmark restated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. Finally, BNP Paribas downgraded 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $48.62.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Comcast Price Performance

Comcast stock traded up $0.88 during trading hours on Friday, hitting $39.16. The stock had a trading volume of 38,270,406 shares, compared to its average volume of 20,663,385. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $153.65 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.95 and a beta of 1.00. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The stock’s fifty day moving average is $38.71 and its two-hundred day moving average is $41.39.

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

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

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.