Koshinski Asset Management Inc. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,589 shares of the cable giant’s stock after purchasing an additional 2,706 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Comcast were worth $842,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Efficient Wealth Management LLC bought a new stake in shares of Comcast in the 1st quarter worth $25,000. TFG Advisers LLC bought a new stake in shares of Comcast in the 4th quarter worth $32,000. Asset Advisors Investment Management LLC bought a new stake in shares of Comcast in the 2nd quarter worth $32,000. Financial Management Professionals Inc. acquired a new stake in shares of Comcast during the second quarter worth $33,000. Finally, Evolution Wealth Advisors LLC raised its position in shares of Comcast by 68.5% during the second quarter. Evolution Wealth Advisors LLC now owns 841 shares of the cable giant’s stock worth $33,000 after purchasing an additional 342 shares during the period. 83.16% of the stock is currently owned by hedge funds and other institutional investors.
CMCSA opened at $42.80 on Friday. Comcast Co. has a 52-week low of $31.70 and a 52-week high of $47.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.87 and a current ratio of 0.97. The company has a market cap of $199.31 billion, a PE ratio of 14.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.97. The stock has a 50-day moving average of $40.51 and a 200-day moving average of $40.20.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 7th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, October 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.15%. Comcast’s dividend payout ratio is presently 29.39%.
A number of equities research analysts have recently issued reports on CMCSA shares. Oppenheimer reaffirmed a “hold” rating on shares of Comcast in a research report on Thursday, April 30th. Wells Fargo & Co upped their price target on Comcast from $42.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Morgan Stanley upped their price target on Comcast from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday. SunTrust Banks dropped their price target on Comcast from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, April 3rd. Finally, Nomura dropped their price target on Comcast from $44.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $48.38.
In related news, CAO Daniel C. Murdock sold 4,536 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $38.60, for a total transaction of $175,089.60. Following the completion of the transaction, the chief accounting officer now owns 10,085 shares of the company’s stock, valued at approximately $389,281. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is currently owned by insiders.
Comcast Company Profile
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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