Fifth Third Wealth Advisors LLC Purchases 5,247 Shares of Comcast Co. (NASDAQ:CMCSA)

Fifth Third Wealth Advisors LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 33.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 21,008 shares of the cable giant’s stock after buying an additional 5,247 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Comcast were worth $911,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Steph & Co. raised its stake in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares in the last quarter. OLD Point Trust & Financial Services N A bought a new stake in Comcast in the fourth quarter valued at $28,000. Pineridge Advisors LLC bought a new stake in Comcast in the fourth quarter valued at $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 593 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.3 %

Shares of Comcast stock traded up $0.88 during trading on Friday, hitting $39.16. The company’s stock had a trading volume of 32,601,994 shares, compared to its average volume of 20,646,465. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The company has a fifty day simple moving average of $38.76 and a two-hundred day simple moving average of $41.44. The company has a market capitalization of $153.65 billion, a PE 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.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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 company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Equities research analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend 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 is currently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent research reports. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Citigroup decreased their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group started coverage on shares of Comcast in a report on Tuesday. They set a “buy” rating and a $44.00 price target on the stock. Finally, Scotiabank cut their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.62.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’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 sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by company insiders.

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.