O Keefe Stevens Advisory Inc. Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

O Keefe Stevens Advisory Inc. boosted its position in Comcast Co. (NASDAQ:CMCSAFree Report) by 35.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,891 shares of the cable giant’s stock after acquiring an additional 2,319 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Comcast were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Paralel Advisors LLC raised its stake in shares of Comcast by 1.1% in the third quarter. Paralel Advisors LLC now owns 50,446 shares of the cable giant’s stock valued at $2,237,000 after acquiring an additional 569 shares during the period. Rathbones Group PLC raised its stake in Comcast by 100.1% in the 3rd quarter. Rathbones Group PLC now owns 12,918 shares of the cable giant’s stock worth $573,000 after acquiring an additional 6,462 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Comcast by 7.3% in the 3rd quarter. LPL Financial LLC now owns 3,067,436 shares of the cable giant’s stock valued at $136,010,000 after buying an additional 207,694 shares during the period. Ontario Teachers Pension Plan Board increased its holdings in shares of Comcast by 77.0% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 42,567 shares of the cable giant’s stock valued at $1,887,000 after purchasing an additional 18,523 shares in the last quarter. Finally, River Wealth Advisors LLC increased its stake in shares of Comcast by 4.8% in the 3rd quarter. River Wealth Advisors LLC now owns 87,896 shares of the cable giant’s stock valued at $3,897,000 after purchasing an additional 4,016 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Wells Fargo & Company lowered their target price on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Scotiabank lowered their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $48.83.

Check Out Our Latest Research Report on CMCSA

Comcast Stock Performance

Shares of CMCSA traded up $0.63 during midday trading on Friday, hitting $38.48. 49,147,049 shares of the stock traded hands, compared to its average volume of 16,946,228. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. 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 market capitalization of $150.98 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00. The business’s 50 day moving average price is $38.81 and its two-hundred day moving average price is $41.52.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter last year, the business posted $0.92 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal 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 paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.22%. Comcast’s dividend payout ratio is currently 32.80%.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the 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 sale, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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