Cypress Wealth Services LLC Has $734,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Cypress Wealth Services LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,926 shares of the cable giant’s stock after acquiring an additional 980 shares during the period. Cypress Wealth Services LLC’s holdings in Comcast were worth $734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Norges Bank acquired a new stake in Comcast in the 4th quarter valued at $2,542,988,000. Capital World Investors increased its stake in Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after buying an additional 15,625,543 shares during the last quarter. Morningstar Investment Services LLC increased its stake in Comcast by 116.8% in the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after buying an additional 2,772,190 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Comcast by 215.7% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after acquiring an additional 2,474,946 shares during the period. Finally, Pathstone Holdings LLC bought a new position in shares of Comcast in the 4th quarter valued at about $108,332,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction on Wednesday, May 22nd. The shares were 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 of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday. They set a “buy” rating and a $44.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report 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. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a report on Tuesday, June 11th. One investment 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, the stock has a consensus rating of “Hold” and a consensus target price of $48.62.

Comcast Stock Performance

NASDAQ:CMCSA traded up $0.69 on Friday, reaching $38.97. 8,394,374 shares of the company’s stock were exchanged, compared to its average volume of 20,451,242. 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 firm has a market cap of $152.90 billion, a price-to-earnings ratio of 10.13, a P/E/G ratio of 0.95 and a beta of 1.00. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock has a fifty day simple moving average of $38.76 and a 200-day simple moving average of $41.44.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $29.83 billion. During the same period last year, the business earned $0.92 earnings per share. Comcast’s revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Comcast 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.