10,101 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Oak Thistle LLC

Oak Thistle LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,101 shares of the cable giant’s stock, valued at approximately $438,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC grew its holdings in Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock worth $2,659,000 after acquiring an additional 2,781 shares during the last quarter. Everett Harris & Co. CA grew its stake in shares of Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. increased its holdings in shares of Comcast by 1.5% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after purchasing an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Comcast in the 4th quarter worth approximately $2,056,000. Finally, Axxcess Wealth Management LLC lifted its holdings in Comcast by 10.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after buying an additional 10,936 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 2.5 %

Shares of CMCSA stock opened at $38.17 on Tuesday. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a fifty day moving average of $38.71 and a 200-day moving average of $41.37. The company has a market capitalization of $149.76 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, equities research analysts predict that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced 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 3.25%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of recent research reports. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Scotiabank lowered their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.62.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.