Paragon Capital Management Ltd Sells 3,531 Shares of Comcast Co. (NASDAQ:CMCSA)

Paragon Capital Management Ltd reduced its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 19.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,095 shares of the cable giant’s stock after selling 3,531 shares during the period. Paragon Capital Management Ltd’s holdings in Comcast were worth $654,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Wealthspire Advisors LLC grew its stake in shares of Comcast by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares during the period. Everett Harris & Co. CA raised its holdings in shares of Comcast by 7.7% in the 4th 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 in the last quarter. Desjardins Global Asset Management Inc. grew its position in shares of Comcast by 1.5% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after buying an additional 1,486 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Comcast in the 4th quarter valued at $2,056,000. Finally, Axxcess Wealth Management LLC grew its position 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. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CMCSA shares. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Scotiabank cut their target price 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. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Citigroup lowered 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. Finally, Oppenheimer reiterated an “outperform” rating and set a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.83.

Get Our Latest Report on Comcast

Comcast Stock Up 1.7 %

NASDAQ:CMCSA traded up $0.63 on Friday, hitting $38.48. The stock had a trading volume of 49,147,049 shares, compared to its average volume of 16,946,228. The business’s fifty day moving average is $38.81 and its 200 day moving average is $41.52. The company has a market cap of $150.98 billion, a PE ratio of 10.18, a P/E/G ratio of 0.95 and a beta of 1.00. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSAGet Free Report) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. On average, equities research analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is 32.80%.

Insider Activity at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.26% of the stock is owned by corporate insiders.

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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