Barber Financial Group Inc. trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,359 shares of the cable giant’s stock after selling 1,100 shares during the quarter. Barber Financial Group Inc.’s holdings in Comcast were worth $214,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CMCSA. Acima Private Wealth LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $25,000. Clean Yield Group purchased a new stake in shares of Comcast during the first quarter worth approximately $25,000. Litman Gregory Asset Management LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $30,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $46,000. Finally, Clarfeld Financial Advisors LLC purchased a new stake in shares of Comcast during the fourth quarter worth approximately $57,000. 81.61% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on CMCSA shares. TD Securities boosted their price target on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Nomura boosted their price target on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Raymond James boosted their price target on Comcast from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $44.65.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.08. The company had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. As a group, equities analysts expect that Comcast Co. will post 2.93 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.94%. The ex-dividend date is Tuesday, July 2nd. Comcast’s payout ratio is currently 32.94%.
In other news, CAO Daniel C. Murdock sold 919 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.36, for a total transaction of $37,090.84. Following the completion of the transaction, the chief accounting officer now directly owns 3,453 shares in the company, valued at approximately $139,363.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Arthur R. Block sold 1,967 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.23, for a total value of $79,132.41. Following the transaction, the executive vice president now owns 62,088 shares of the company’s stock, valued at $2,497,800.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 849,537 shares of company stock valued at $35,489,480. 1.35% of the stock is owned by company insiders.
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Comcast Company 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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