Financial Counselors Inc. Acquires 2,111 Shares of Comcast Co. (NASDAQ:CMCSA)

Financial Counselors Inc. lifted its position in Comcast Co. (NASDAQ:CMCSAFree Report) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,158 shares of the cable giant’s stock after acquiring an additional 2,111 shares during the quarter. Financial Counselors Inc.’s holdings in Comcast were worth $1,958,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Chase Investment Counsel Corp boosted its holdings in shares of Comcast by 4.8% in the 1st quarter. Chase Investment Counsel Corp now owns 8,152 shares of the cable giant’s stock worth $353,000 after buying an additional 376 shares during the last quarter. FORA Capital LLC purchased a new position in shares of Comcast in the 1st quarter worth about $5,776,000. Magnolia Capital Advisors LLC boosted its holdings in shares of Comcast by 13.5% in the 1st quarter. Magnolia Capital Advisors LLC now owns 36,466 shares of the cable giant’s stock worth $1,467,000 after buying an additional 4,330 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its holdings in shares of Comcast by 38.6% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 10,316 shares of the cable giant’s stock worth $447,000 after buying an additional 2,872 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Comcast by 7.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 621,023 shares of the cable giant’s stock worth $26,921,000 after buying an additional 45,030 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.5 %

Shares of NASDAQ CMCSA opened at $37.51 on Wednesday. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. 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’s 50 day simple moving average is $38.52 and its two-hundred day simple moving average is $41.05. The stock has a market capitalization of $147.18 billion, a P/E ratio of 9.92, a PEG ratio of 0.93 and a beta of 1.00.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results 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 business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period last year, the business earned $0.92 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is currently 32.80%.

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 that occurred 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 owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMCSA. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target on the stock. in a report on Tuesday, June 11th. Scotiabank dropped their price objective 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. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Macquarie dropped their price objective 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. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Friday, April 26th. One equities research 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.53.

Get Our Latest Stock Report on CMCSA

Comcast Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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