Comcast Co. (NASDAQ:CMCSA) Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC lifted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 353.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,956 shares of the cable giant’s stock after buying an additional 82,582 shares during the period. Synergy Asset Management LLC’s holdings in Comcast were worth $4,593,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in Comcast in the fourth quarter valued at about $2,542,988,000. Capital World Investors raised its holdings in shares of Comcast by 17.0% during the 4th 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 period. Morningstar Investment Services LLC lifted its position in Comcast by 116.8% during the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock worth $227,034,000 after acquiring an additional 2,772,190 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Comcast by 215.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock worth $158,835,000 after acquiring an additional 2,474,946 shares during the period. Finally, Pathstone Holdings LLC acquired a new stake in Comcast in the fourth quarter valued at approximately $108,332,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Performance

CMCSA stock traded down $0.20 during mid-day trading on Tuesday, reaching $37.97. The company had a trading volume of 5,511,531 shares, compared to its average volume of 20,541,791. The stock’s 50-day simple moving average is $38.71 and its two-hundred day simple moving average is $41.37. The stock has a market capitalization of $148.98 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.98 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

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

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.27%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI cut their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.53.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.26% of the stock is currently owned by insiders.

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.