Oak Harvest Investment Services Buys 402 Shares of Comcast Co. (NASDAQ:CMCSA)

Oak Harvest Investment Services boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 137,179 shares of the cable giant’s stock after acquiring an additional 402 shares during the period. Oak Harvest Investment Services’ holdings in Comcast were worth $5,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CMCSA. Wealthspire Advisors LLC boosted its holdings in shares of Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after acquiring an additional 2,781 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after acquiring an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Comcast during the 4th quarter valued at $2,056,000. Finally, Axxcess Wealth Management LLC lifted its holdings in Comcast by 10.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after buying an additional 10,936 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.5 %

Shares of Comcast stock traded up $0.20 during trading on Thursday, reaching $38.05. 7,657,993 shares of the stock were exchanged, compared to its average volume of 20,241,990. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s fifty day moving average is $38.58 and its 200 day moving average is $41.26. The firm has a market cap of $149.29 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the business posted $0.92 earnings per share. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Comcast Co. will post 4.22 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is 32.80%.

Insider Buying and Selling at Comcast

In related 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 shares were sold at an average price of $3.19, for a total transaction 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. Scotiabank cut their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research report on Tuesday, June 11th. Citigroup decreased their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company decreased their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.53.

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.