Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Fermata Advisors LLC

Fermata Advisors LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 36.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,756 shares of the cable giant’s stock after buying an additional 2,588 shares during the quarter. Fermata Advisors LLC’s holdings in Comcast were worth $423,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Capital World Investors grew its stake in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after purchasing an additional 15,625,543 shares in the last quarter. Norges Bank acquired a new position in shares of Comcast in the 4th quarter worth approximately $2,542,988,000. Harris Associates L P grew its position in shares of Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after acquiring an additional 1,854,671 shares in the last quarter. LSV Asset Management grew its position in shares of Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Comcast by 2.3% in the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.2 %

Shares of CMCSA stock opened at $38.40 on Wednesday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The stock has a market cap of $150.67 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The business’s fifty day moving average is $38.78 and its 200-day moving average is $41.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

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, beating 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 company had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period last year, the firm earned $0.92 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Comcast in a research report on Tuesday. They issued a “buy” rating and a $44.00 target price for the company. Wells Fargo & Company decreased their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Macquarie cut their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Citigroup cut their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. One investment 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 stock presently has a consensus rating of “Hold” and a consensus target price of $48.62.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.26% of the company’s stock.

About Comcast

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.