Hoxton Planning & Management LLC Buys 305 Shares of Comcast Co. (NASDAQ:CMCSA)

Hoxton Planning & Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 5.7% during the 1st quarter, Holdings Channel reports. The fund owned 5,633 shares of the cable giant’s stock after acquiring an additional 305 shares during the period. Hoxton Planning & Management LLC’s holdings in Comcast were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CMCSA. Paralel Advisors LLC increased its holdings in shares of Comcast by 1.1% during the third quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock worth $2,237,000 after purchasing an additional 569 shares during the period. Operose Advisors LLC increased its stake in Comcast by 30.7% in the third quarter. Operose Advisors LLC now owns 19,265 shares of the cable giant’s stock valued at $854,000 after acquiring an additional 4,530 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Comcast by 2.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 1,691,302 shares of the cable giant’s stock valued at $74,992,000 after acquiring an additional 33,188 shares during the last quarter. Mather Group LLC. increased its stake in Comcast by 26.2% in the third quarter. Mather Group LLC. now owns 29,410 shares of the cable giant’s stock valued at $1,304,000 after acquiring an additional 6,097 shares during the last quarter. Finally, Westover Capital Advisors LLC bought a new position in Comcast in the third quarter valued at approximately $358,000. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 1.6 %

Shares of NASDAQ:CMCSA traded down $0.62 during midday trading on Wednesday, hitting $37.78. 7,970,779 shares of the company’s stock were exchanged, compared to its average volume of 20,482,760. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a 50 day moving average price of $38.78 and a 200-day moving average price of $41.46. The company has a market cap of $148.23 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Oppenheimer restated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Wells Fargo & Company cut their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $48.62.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

Comcast Company 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.