Peterson Wealth Services Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Peterson Wealth Services lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,817 shares of the cable giant’s stock after acquiring an additional 2,344 shares during the quarter. Peterson Wealth Services’ holdings in Comcast were worth $1,466,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Comcast by 8.6% during the first quarter. Blue Trust Inc. now owns 24,332 shares of the cable giant’s stock worth $1,055,000 after acquiring an additional 1,929 shares during the period. TKG Advisors LLC lifted its stake in shares of Comcast by 2.4% during the first quarter. TKG Advisors LLC now owns 47,805 shares of the cable giant’s stock worth $2,072,000 after buying an additional 1,141 shares during the period. Prosperity Consulting Group LLC lifted its stake in shares of Comcast by 53.4% during the first quarter. Prosperity Consulting Group LLC now owns 14,081 shares of the cable giant’s stock worth $610,000 after buying an additional 4,899 shares during the period. Braun Stacey Associates Inc. lifted its stake in shares of Comcast by 2.1% during the first quarter. Braun Stacey Associates Inc. now owns 158,140 shares of the cable giant’s stock worth $6,855,000 after buying an additional 3,203 shares during the period. Finally, Retirement Group LLC lifted its position in Comcast by 87.2% during the first quarter. Retirement Group LLC now owns 1,471 shares of the cable giant’s stock valued at $64,000 after purchasing an additional 685 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.5 %

NASDAQ:CMCSA traded down $0.19 on Friday, hitting $37.86. The stock had a trading volume of 12,172,337 shares, compared to its average volume of 18,976,304. 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 has a market cap of $148.55 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.95 and a beta of 1.00. The company has a fifty day moving average price of $38.57 and a two-hundred day moving average price of $41.19. Comcast Co. has a 1-year low of $36.43 and a 1-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 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 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. Equities research analysts expect that Comcast Co. will post 4.22 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.28%. Comcast’s payout ratio is 32.80%.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’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 value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. Evercore ISI decreased their target price on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently 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.