Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,159 shares of the cable giant’s stock after purchasing an additional 497 shares during the quarter. Comcast makes up approximately 2.4% of Schaper Benz & Wise Investment Counsel Inc. WI’s holdings, making the stock its 8th biggest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Comcast were worth $18,517,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Acima Private Wealth LLC bought a new position in shares of Comcast in the 4th quarter valued at about $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Comcast in the 4th quarter valued at about $30,000. Ironwood Financial llc bought a new position in shares of Comcast in the 4th quarter valued at about $32,000. Nalls Sherbakoff Group LLC bought a new position in shares of Comcast in the 4th quarter valued at about $46,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 81.61% of the company’s stock.
Comcast stock opened at $42.49 on Thursday. Comcast Co. has a fifty-two week low of $30.67 and a fifty-two week high of $43.96. The company has a market cap of $196.37 billion, a P/E ratio of 16.66, a PEG ratio of 1.14 and a beta of 1.13. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.98%. The ex-dividend date is Tuesday, July 2nd. Comcast’s payout ratio is 32.94%.
Several research analysts have recently issued reports on CMCSA shares. TD Securities raised their target price on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. BidaskClub lowered shares of Comcast from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Credit Suisse Group reaffirmed a “buy” rating and issued a $44.00 target price on shares of Comcast in a research note on Tuesday, January 22nd. ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research note on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $44.65.
In other Comcast news, SVP Daniel C. Murdock sold 1,038 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total transaction of $43,596.00. Following the sale, the senior vice president now directly owns 3,707 shares in the company, valued at approximately $155,694. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Daniel C. Murdock sold 919 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.36, for a total transaction of $37,090.84. Following the sale, the chief accounting officer now owns 3,453 shares in the company, valued at $139,363.08. The disclosure for this sale can be found here. Insiders have sold a total of 1,214,832 shares of company stock worth $49,408,359 in the last three months. 1.35% of the stock is owned by 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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