Foguth Wealth Management LLC. Purchases New Shares in Comcast Co. (NASDAQ:CMCSA)

Foguth Wealth Management LLC. purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,709 shares of the cable giant’s stock, valued at approximately $898,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Greenwich Wealth Management LLC boosted its holdings in Comcast by 2.6% in the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares in the last quarter. Legend Financial Advisors Inc. boosted its holdings in Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. boosted its holdings in Comcast by 1.6% in the fourth quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares in the last quarter. Keystone Financial Services boosted its holdings in Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after acquiring an additional 229 shares in the last quarter. Finally, Bollard Group LLC boosted its holdings in Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 244 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. The Goldman Sachs Group initiated coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Citigroup lowered their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Comcast has an average rating of “Hold” and a consensus price target of $48.62.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.88 during trading on Friday, hitting $39.16. 38,288,913 shares of the company’s stock were exchanged, compared to its average volume of 19,560,456. The business’s 50-day simple moving average is $38.71 and its 200 day simple moving average is $41.39. The company has a market cap of $153.65 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.98 and a beta of 1.00. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. 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 (NASDAQ:CMCSA) last issued its 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. The company 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 quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. As a group, equities analysts predict that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

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 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insider Activity at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s 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 completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is owned by corporate insiders.

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.