Comcast Co. (NASDAQ:CMCSA) Shares Sold by Courier Capital LLC

Courier Capital LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 2.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,768 shares of the cable giant’s stock after selling 2,357 shares during the period. Courier Capital LLC’s holdings in Comcast were worth $3,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Greenwich Wealth Management LLC boosted its stake in Comcast by 2.6% during the fourth quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after buying an additional 219 shares in the last quarter. Legend Financial Advisors Inc. raised its holdings in shares of Comcast by 17.5% in the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after buying an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. raised its holdings in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after purchasing an additional 226 shares during the last quarter. Keystone Financial Services raised its holdings in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the last quarter. Finally, Bollard Group LLC raised its holdings in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 2.3 %

Comcast stock traded up $0.88 during trading on Friday, hitting $39.16. 33,633,879 shares of the company were exchanged, compared to its average volume of 20,654,785. The business’s 50 day moving average is $38.76 and its 200 day moving average is $41.44. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a market capitalization of $153.65 billion, a P/E ratio of 10.13, a PEG ratio of 0.95 and a beta of 1.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.10% and a net margin of 12.64%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. Comcast’s dividend payout ratio (DPR) is 32.80%.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CMCSA shares. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Scotiabank decreased their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Wells Fargo & Company cut their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.62.

About Comcast

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.