J.W. Cole Advisors Inc. Purchases 1,830 Shares of Comcast Co. (NASDAQ:CMCSA)

J.W. Cole Advisors Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,547 shares of the cable giant’s stock after purchasing an additional 1,830 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Comcast were worth $2,696,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CMCSA. Legacy Advisors LLC raised its position in shares of Comcast by 2.8% in the 3rd quarter. Legacy Advisors LLC now owns 29,753 shares of the cable giant’s stock valued at $1,319,000 after acquiring an additional 801 shares during the period. LaSalle St. Investment Advisors LLC acquired a new stake in Comcast in the third quarter worth $205,000. Lake Street Advisors Group LLC boosted its position in shares of Comcast by 0.7% during the third quarter. Lake Street Advisors Group LLC now owns 44,131 shares of the cable giant’s stock worth $1,957,000 after purchasing an additional 305 shares in the last quarter. JT Stratford LLC grew its holdings in shares of Comcast by 10.6% in the 3rd quarter. JT Stratford LLC now owns 19,818 shares of the cable giant’s stock valued at $879,000 after buying an additional 1,905 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of Comcast by 25.5% in the 3rd quarter. Schroder Investment Management Group now owns 4,434,482 shares of the cable giant’s stock valued at $196,625,000 after buying an additional 900,280 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was 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 $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Comcast stock traded down $0.19 during trading hours on Friday, hitting $37.86. The company had a trading volume of 12,172,204 shares, compared to its average volume of 20,439,701. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The firm has a 50-day moving average of $38.58 and a 200 day moving average of $41.23. 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 $148.55 billion, a PE ratio of 10.02, a PEG ratio of 0.95 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same period last year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.22 earnings per share for the current year.

Comcast Announces Dividend

The firm 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 $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CMCSA. Scotiabank decreased their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Macquarie dropped their target price on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Evercore ISI reduced their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.