Stokes Family Office LLC Grows Position in Comcast Co. (NASDAQ:CMCSA)

Stokes Family Office LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,763 shares of the cable giant’s stock after buying an additional 1,285 shares during the quarter. Stokes Family Office LLC’s holdings in Comcast were worth $1,030,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in Comcast in the 3rd quarter valued at approximately $895,000. Harbour Investments Inc. raised its holdings in shares of Comcast by 9.3% during the third quarter. Harbour Investments Inc. now owns 16,371 shares of the cable giant’s stock valued at $726,000 after purchasing an additional 1,395 shares during the last quarter. Silver Oak Securities Incorporated lifted its position in Comcast by 19.1% during the third quarter. Silver Oak Securities Incorporated now owns 7,772 shares of the cable giant’s stock valued at $345,000 after purchasing an additional 1,246 shares during the period. Braun Stacey Associates Inc. purchased a new stake in Comcast in the third quarter worth approximately $6,309,000. Finally, Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Comcast in the 3rd quarter worth approximately $522,000. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Monday, May 13th. Macquarie cut their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. Finally, Wells Fargo & Company dropped their price target on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.53.

Comcast Price Performance

NASDAQ CMCSA traded up $0.54 during mid-day trading on Friday, hitting $38.29. The stock had a trading volume of 16,748,291 shares, compared to its average volume of 20,369,994. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The stock has a market capitalization of $150.24 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.93 and a beta of 1.00. The firm’s 50 day moving average is $38.50 and its 200 day moving average is $41.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the business posted $0.92 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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 $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. 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 Comcast stock in a transaction dated 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 completion of the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is currently owned by corporate 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.