FCG Investment Co Buys 5,324 Shares of Comcast Co. (NASDAQ:CMCSA)

FCG Investment Co raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 98.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,733 shares of the cable giant’s stock after purchasing an additional 5,324 shares during the quarter. FCG Investment Co’s holdings in Comcast were worth $465,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Steph & Co. grew its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast in the 4th quarter worth about $28,000. Pineridge Advisors LLC purchased a new position in Comcast during the 4th quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Activity at Comcast

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CMCSA shares. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Wells Fargo & Company dropped their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $48.53.

Comcast Price Performance

Comcast stock traded up $0.20 during mid-day trading on Thursday, hitting $38.05. The stock had a trading volume of 7,657,993 shares, compared to its average volume of 20,241,990. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm’s 50 day moving average is $38.58 and its 200 day moving average is $41.26. The firm has a market capitalization of $149.29 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.95 and a beta of 1.00. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Comcast Co. will post 4.22 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders 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 3.26%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

About Comcast

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.