Comcast Co. (NASDAQ:CMCSA) Holdings Raised by Claro Advisors LLC

Claro Advisors LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 17.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,868 shares of the cable giant’s stock after buying an additional 2,870 shares during the quarter. Claro Advisors LLC’s holdings in Comcast were worth $818,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CMCSA. Steph & Co. boosted its stake in shares of Comcast by 154.6% during the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its position in Comcast by 299.1% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after acquiring an additional 475,675 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in shares of Comcast in the 4th quarter valued at $28,000. Pineridge Advisors LLC acquired a new position in Comcast during the fourth quarter worth $32,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its stake in shares of 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 acquiring an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In related 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 transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CMCSA. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Macquarie decreased their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group assumed coverage on Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.62.

Comcast Stock Performance

Shares of Comcast stock opened at $38.17 on Tuesday. The company has a market capitalization of $149.76 billion, a PE ratio of 10.10, a PEG ratio of 0.98 and a beta of 1.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s fifty day simple moving average is $38.71 and its 200 day simple moving average is $41.37. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping 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 firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Comcast Company 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.