Douglas Lane & Associates LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,503 shares of the cable giant’s stock after selling 335 shares during the period. Douglas Lane & Associates LLC’s holdings in Comcast were worth $13,014,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in CMCSA. Bogart Wealth LLC boosted its position in shares of Comcast by 274.7% in the 1st quarter. Bogart Wealth LLC now owns 562 shares of the cable giant’s stock worth $30,000 after purchasing an additional 412 shares in the last quarter. Arlington Partners LLC bought a new position in shares of Comcast during the 4th quarter valued at $30,000. Sterling Financial Planning Inc. bought a new position in shares of Comcast during the 4th quarter valued at $32,000. McCarthy Asset Management Inc. bought a new position in shares of Comcast during the 4th quarter valued at $34,000. Finally, ADE LLC bought a new position in shares of Comcast during the 4th quarter valued at $37,000. Institutional investors own 82.56% of the company’s stock.
Shares of NASDAQ:CMCSA opened at $54.16 on Wednesday. The firm has a market cap of $248.09 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.99. The firm’s 50 day simple moving average is $55.21 and its 200-day simple moving average is $50.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.93 and a current ratio of 0.93. Comcast Co. has a one year low of $34.17 and a one year high of $58.58.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 28th. Shareholders of record on Wednesday, April 7th will be issued a $0.25 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.85%. Comcast’s payout ratio is presently 31.95%.
Several equities analysts have recently weighed in on CMCSA shares. Credit Suisse Group increased their price target on Comcast from $61.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, March 24th. Benchmark upped their price objective on Comcast from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 9th. They noted that the move was a valuation call. Barclays upped their price objective on Comcast from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, February 1st. Raymond James upgraded Comcast from a “market perform” rating to an “outperform” rating and set a $61.00 price objective for the company in a research note on Friday, April 16th. Finally, TD Securities upped their price objective on Comcast from $59.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, March 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.61.
In other news, Director Maritza Gomez Montiel sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $49.97, for a total transaction of $99,940.00. Following the completion of the sale, the director now owns 13,170 shares of the company’s stock, valued at $658,104.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.14% 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, wireless, and security and automation services to residential and business customers under the Xfinity brand, as well as sells advertising.
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