Franklin Street Advisors Inc. NC Has $307,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Franklin Street Advisors Inc. NC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,078 shares of the cable giant’s stock after acquiring an additional 385 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Comcast were worth $307,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CMCSA. Janiczek Wealth Management LLC lifted its stake in Comcast by 3.7% in the first quarter. Janiczek Wealth Management LLC now owns 14,543 shares of the cable giant’s stock valued at $630,000 after buying an additional 519 shares during the period. Signet Financial Management LLC raised its position in shares of Comcast by 2.6% during the first quarter. Signet Financial Management LLC now owns 105,599 shares of the cable giant’s stock worth $4,578,000 after purchasing an additional 2,628 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Comcast by 8.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 50,406 shares of the cable giant’s stock worth $2,185,000 after purchasing an additional 4,059 shares during the period. Clarity Financial LLC raised its position in shares of Comcast by 54.1% during the first quarter. Clarity Financial LLC now owns 510,639 shares of the cable giant’s stock worth $22,136,000 after purchasing an additional 179,297 shares during the period. Finally, DGS Capital Management LLC raised its position in shares of Comcast by 43.6% during the first quarter. DGS Capital Management LLC now owns 28,021 shares of the cable giant’s stock worth $1,215,000 after purchasing an additional 8,510 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

CMCSA traded down $0.08 during trading hours on Thursday, reaching $38.14. The company’s stock had a trading volume of 5,499,121 shares, compared to its average volume of 20,487,688. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The firm has a market cap of $149.65 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The company’s 50-day moving average is $38.76 and its 200-day moving average is $41.44. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of “Hold” and a consensus price target of $48.62.

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.