9,823 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,823 shares of the cable giant’s stock, valued at approximately $426,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealthspire Advisors LLC raised 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 purchasing an additional 2,781 shares during the last quarter. Everett Harris & Co. CA raised its holdings in Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. raised its holdings in Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after purchasing an additional 1,486 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in Comcast during the 4th quarter worth about $2,056,000. Finally, Axxcess Wealth Management LLC raised 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 purchasing an additional 10,936 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Macquarie lowered their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Benchmark reaffirmed a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Finally, Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.53.

Comcast Stock Up 0.5 %

CMCSA opened at $38.05 on Friday. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The stock’s fifty day simple moving average is $38.58 and its 200 day simple moving average is $41.23. 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 has a market cap of $149.29 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.95 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 for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 EPS. As a group, research analysts expect that Comcast Co. will post 4.22 earnings per share for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is currently 32.80%.

Insider Buying and Selling

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 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 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. 1.26% of the stock is owned by company insiders.

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.