Valeo Financial Advisors LLC Has $4.48 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Valeo Financial Advisors LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 14.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 103,264 shares of the cable giant’s stock after selling 17,070 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Comcast were worth $4,476,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CMCSA. Greenwich Wealth Management LLC increased its position in Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after buying an additional 219 shares in the last quarter. Legend Financial Advisors Inc. raised its position in shares of Comcast by 17.5% during the fourth quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after purchasing an additional 220 shares during the period. Beaumont Asset Management L.L.C. grew its position in Comcast by 1.6% in the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after purchasing an additional 226 shares during the period. Keystone Financial Services increased its stake in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after purchasing an additional 229 shares in the last quarter. Finally, Bollard Group LLC raised its holdings in Comcast by 0.7% during the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after buying an additional 244 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded down $0.11 during trading hours on Wednesday, hitting $38.05. The stock had a trading volume of 7,584,006 shares, compared to its average volume of 20,520,045. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The stock has a fifty day moving average price of $38.62 and a 200 day moving average price of $41.28. 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 capitalization of $149.29 billion, a PE ratio of 10.07, a PEG ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The firm 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 $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.26%. Comcast’s dividend payout ratio is presently 32.80%.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CMCSA. Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, The Goldman Sachs Group started coverage on shares of Comcast in a research report on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $48.53.

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.