Comcast Co. (CMCSA) Position Lifted by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 24,248 shares of the cable giant’s stock after buying an additional 494 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Comcast were worth $969,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Clean Yield Group acquired a new position in shares of Comcast in the first quarter valued at about $25,000. Acima Private Wealth LLC acquired a new position in shares of Comcast in the fourth quarter valued at about $25,000. Litman Gregory Asset Management LLC acquired a new position in shares of Comcast in the fourth quarter valued at about $30,000. Ironwood Financial llc acquired a new position in shares of Comcast in the fourth quarter valued at about $32,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Comcast in the fourth quarter valued at about $46,000. 81.61% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on CMCSA. BidaskClub downgraded Comcast from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TD Securities upped their target price on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. KeyCorp upped their target price on Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Barclays upped their target price on Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Morgan Stanley upped their target price on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $44.65.

Shares of CMCSA stock opened at $42.78 on Tuesday. The company has a market cap of $199.20 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a 12-month low of $30.67 and a 12-month high of $43.96.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The company had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. Comcast’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 earnings per share. On average, research analysts predict that Comcast Co. will post 2.93 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. Comcast’s dividend payout ratio is currently 32.94%.

In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares in the company, valued at $46,739,493.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David N. Watson sold 201,007 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $38.31, for a total value of $7,700,578.17. Following the transaction, the executive vice president now owns 817,992 shares in the company, valued at approximately $31,337,273.52. The disclosure for this sale can be found here. Insiders have sold 1,050,544 shares of company stock worth $43,190,058 in the last quarter. 1.35% of the stock is currently owned by company insiders.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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