First Personal Financial Services grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 15.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,699 shares of the cable giant’s stock after buying an additional 1,822 shares during the quarter. First Personal Financial Services’ holdings in Comcast were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Addenda Capital Inc. increased its position in Comcast by 2.4% in the 4th quarter. Addenda Capital Inc. now owns 41,814 shares of the cable giant’s stock valued at $1,430,000 after acquiring an additional 977 shares during the period. CX Institutional increased its position in Comcast by 58.0% in the 4th quarter. CX Institutional now owns 64,818 shares of the cable giant’s stock valued at $2,207,000 after acquiring an additional 23,784 shares during the period. Bristol Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at approximately $889,000. Pennsylvania Trust Co increased its position in Comcast by 15.6% in the 4th quarter. Pennsylvania Trust Co now owns 942,956 shares of the cable giant’s stock valued at $32,108,000 after acquiring an additional 127,381 shares during the period. Finally, TRUE Private Wealth Advisors increased its position in Comcast by 0.9% in the 4th quarter. TRUE Private Wealth Advisors now owns 53,742 shares of the cable giant’s stock valued at $1,840,000 after acquiring an additional 459 shares during the period. 81.61% of the stock is currently owned by institutional investors.
Several analysts recently commented on the company. KeyCorp raised their target price on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Barclays raised their target price on Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Raymond James raised their target price on Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley raised their target price on Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $44.65.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. The firm had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Equities research analysts forecast that Comcast Co. will post 2.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Tuesday, July 2nd. Comcast’s payout ratio is currently 32.94%.
In other news, EVP Stephen B. Burke sold 457,633 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the completion of the sale, the executive vice president now directly owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 1,966 shares of the firm’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $37.40, for a total value of $73,528.40. Following the sale, the executive vice president now directly owns 58,578 shares of the company’s stock, valued at $2,190,817.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,216,798 shares of company stock valued at $49,481,887. 1.35% of the stock is currently owned by corporate insiders.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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