5,209 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by HCR Wealth Advisors

HCR Wealth Advisors bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,209 shares of the cable giant’s stock, valued at approximately $228,000.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Comcast in the 4th quarter worth about $2,542,988,000. Northern Trust Corp increased its holdings in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after buying an additional 141,874 shares during the last quarter. LSV Asset Management lifted its stake in Comcast by 3.8% in the fourth quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after acquiring an additional 570,050 shares during the last quarter. Raymond James & Associates lifted its stake in Comcast by 2.3% in the fourth quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock valued at $644,258,000 after acquiring an additional 329,278 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Comcast by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after acquiring an additional 581,163 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock traded down $0.14 during mid-day trading on Friday, reaching $38.54. 14,375,674 shares of the stock were exchanged, compared to its average volume of 19,521,572. The company has a market cap of $151.22 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. 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 firm has a 50-day simple moving average of $40.21 and a 200 day simple moving average of $42.04.

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 return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the business earned $0.92 EPS. Comcast’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Scotiabank reduced their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Friday, April 26th. Finally, Citigroup decreased their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

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.