Wealthcare Advisory Partners LLC Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

Wealthcare Advisory Partners LLC grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,406 shares of the cable giant’s stock after purchasing an additional 4,059 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Comcast were worth $2,185,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Greenwich Wealth Management LLC lifted its position in shares of Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. lifted its position in shares of Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after purchasing an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. lifted its position in shares of Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after purchasing an additional 226 shares during the last quarter. Keystone Financial Services lifted its position in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after purchasing an additional 229 shares during the last quarter. Finally, Bollard Group LLC lifted its position in shares of Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other 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 completion of the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.5 %

Shares of CMCSA traded down $0.18 on Thursday, hitting $38.04. 1,136,708 shares of the stock traded hands, compared to its average volume of 20,452,221. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $149.25 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.96 and a beta of 1.00. The stock’s 50 day moving average is $38.78 and its two-hundred day moving average is $41.46. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research reports. Macquarie reduced their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Wells Fargo & Company dropped their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, Evercore ISI restated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.62.

About Comcast

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.