RBA Wealth Management LLC Purchases 3,197 Shares of Comcast Co. (NASDAQ:CMCSA)

RBA Wealth Management LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the 1st quarter, Holdings Channel reports. The firm owned 101,445 shares of the cable giant’s stock after buying an additional 3,197 shares during the period. Comcast comprises about 1.8% of RBA Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. RBA Wealth Management LLC’s holdings in Comcast were worth $4,398,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CMCSA. Schonfeld Strategic Advisors LLC increased its position in shares of Comcast by 538.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 173,791 shares of the cable giant’s stock worth $7,706,000 after purchasing an additional 146,588 shares during the last quarter. EHP Funds Inc. acquired a new position in shares of Comcast during the 3rd quarter worth approximately $519,000. Legacy Advisors LLC increased its holdings in shares of Comcast by 2.8% during the 3rd quarter. Legacy Advisors LLC now owns 29,753 shares of the cable giant’s stock worth $1,319,000 after acquiring an additional 801 shares during the last quarter. Lakeshore Financial Planning Inc. acquired a new position in shares of Comcast during the 3rd quarter worth approximately $281,000. Finally, LaSalle St. Investment Advisors LLC acquired a new position in shares of Comcast during the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMCSA. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast 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 on the stock. in a report on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Hold” and an average price target of $48.53.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’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 sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $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 currently owned by corporate insiders.

Comcast Trading Up 0.5 %

Shares of CMCSA stock traded up $0.20 on Thursday, hitting $38.05. The company had a trading volume of 7,657,993 shares, compared to its average volume of 20,241,990. The firm has a market cap 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. The stock’s 50-day moving average is $38.58 and its two-hundred day moving average is $41.26. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 4.22 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued 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 3.26%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

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.