Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,668 shares of the cable giant’s stock after acquiring an additional 706 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Comcast were worth $1,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CMCSA. Capital World Investors grew its position in Comcast by 17.0% in the fourth quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after acquiring an additional 15,625,543 shares during the period. Norges Bank purchased a new position in Comcast during the fourth quarter worth about $2,542,988,000. Harris Associates L P increased its position in shares of Comcast by 10.9% during the fourth quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after acquiring an additional 1,854,671 shares during the last quarter. LSV Asset Management raised its stake in shares of Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after acquiring an additional 570,050 shares during the period. Finally, Raymond James & Associates boosted its position in shares of Comcast by 2.3% during the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after purchasing an additional 329,278 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA traded up $0.88 on Friday, hitting $39.16. 38,288,913 shares of the company were exchanged, compared to its average volume of 19,560,456. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market capitalization of $153.65 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The business’s fifty day moving average is $38.71 and its 200 day moving average is $41.39.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating 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 revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The company 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Insider Buying and Selling at Comcast

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

Analyst Ratings Changes

Several research firms have commented on CMCSA. Macquarie dropped their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Wells Fargo & Company reduced their price target 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. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Finally, The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.62.

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.