Brown Miller Wealth Management LLC Raises Position in Comcast Co. (NASDAQ:CMCSA)

Brown Miller Wealth Management LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,097 shares of the cable giant’s stock after buying an additional 1,899 shares during the period. Brown Miller Wealth Management LLC’s holdings in Comcast were worth $1,824,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a research report on Monday, May 13th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.62.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by insiders.

Comcast Price Performance

Shares of CMCSA traded up $0.88 during trading hours on Friday, hitting $39.16. 38,288,913 shares of the company were exchanged, compared to its average volume of 19,560,456. The company has a market capitalization of $153.65 billion, a PE ratio of 10.36, a PEG ratio of 0.98 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. The firm has a fifty day simple moving average of $38.71 and a 200-day simple moving average of $41.39. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. As a group, sell-side analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. Comcast’s dividend payout ratio (DPR) is presently 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.