Stonnington Group LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Stonnington Group LLC grew its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,745 shares of the cable giant’s stock after acquiring an additional 900 shares during the quarter. Stonnington Group LLC’s holdings in Comcast were worth $892,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its stake in Comcast by 3.9% in the first quarter. Wedge Capital Management L L P NC now owns 9,425 shares of the cable giant’s stock valued at $441,000 after purchasing an additional 351 shares during the last quarter. First Affirmative Financial Network increased its stake in Comcast by 9.7% in the first quarter. First Affirmative Financial Network now owns 5,111 shares of the cable giant’s stock valued at $239,000 after purchasing an additional 453 shares during the last quarter. CAPROCK Group Inc. increased its stake in Comcast by 13.7% in the first quarter. CAPROCK Group Inc. now owns 52,717 shares of the cable giant’s stock valued at $2,468,000 after purchasing an additional 6,365 shares during the last quarter. First American Trust FSB increased its stake in Comcast by 87.4% during the first quarter. First American Trust FSB now owns 163,342 shares of the cable giant’s stock worth $7,648,000 after acquiring an additional 76,190 shares during the last quarter. Finally, Pacifica Partners Inc. increased its stake in Comcast by 33.8% during the first quarter. Pacifica Partners Inc. now owns 989 shares of the cable giant’s stock worth $46,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Several equities research analysts have commented on CMCSA shares. Barclays dropped their price target on Comcast from $56.00 to $48.00 in a research note on Friday, April 29th. JPMorgan Chase & Co. dropped their price target on Comcast from $60.00 to $52.00 in a research note on Friday, April 29th. Pivotal Research decreased their target price on Comcast from $62.00 to $57.00 in a research report on Thursday, April 28th. Wolfe Research downgraded Comcast from an “outperform” rating to a “peer perform” rating and decreased their target price for the stock from $63.00 to $50.00 in a research report on Thursday, June 2nd. Finally, Morgan Stanley decreased their target price on Comcast from $60.00 to $55.00 in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

Shares of Comcast stock opened at $38.90 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $42.48 and its 200-day simple moving average is $46.34. The stock has a market capitalization of $176.34 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 0.80 and a beta of 0.96. Comcast Co. has a twelve month low of $37.56 and a twelve month high of $61.80.

Comcast (NASDAQ:CMCSAGet Rating) last posted its earnings results on Thursday, April 28th. The cable giant reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Comcast had a return on equity of 15.92% and a net margin of 11.96%. The firm had revenue of $31.01 billion for the quarter, compared to analysts’ expectations of $30.40 billion. During the same period last year, the firm earned $0.76 EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Comcast Co. will post 3.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 27th. Investors of record on Wednesday, July 6th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Tuesday, July 5th. Comcast’s dividend payout ratio is currently 34.84%.

In other news, CAO Daniel C. Murdock sold 8,929 shares of Comcast stock in a transaction on Friday, May 27th. The stock was sold at an average price of $44.50, for a total transaction of $397,340.50. Following the transaction, the chief accounting officer now directly owns 1,817 shares in the company, valued at approximately $80,856.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.11% of the stock is owned by company insiders.

Comcast Company Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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