G&S Capital LLC Has $2.70 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

G&S Capital LLC reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 62,158 shares of the cable giant’s stock after selling 939 shares during the period. Comcast makes up approximately 1.2% of G&S Capital LLC’s holdings, making the stock its 29th biggest holding. G&S Capital LLC’s holdings in Comcast were worth $2,695,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Steph & Co. lifted its stake in Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in Comcast in the fourth quarter valued at $28,000. Pineridge Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at $32,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its position in Comcast by 336.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. Benchmark reaffirmed a “buy” rating and issued a $55.00 target price on shares of Comcast in a research report on Monday, May 13th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Scotiabank cut their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Citigroup lowered their target price on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.62.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated 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 sale, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.5 %

Shares of Comcast stock opened at $38.22 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50-day moving average of $38.78 and a 200-day moving average of $41.46. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock has a market cap of $149.96 billion, a PE ratio of 10.11, a PEG ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (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 firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders 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 annualized dividend and a yield of 3.24%. Comcast’s dividend payout ratio is presently 32.80%.

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.