Vicus Capital Has $615,000 Position in Comcast Co. (NASDAQ:CMCSA)

Vicus Capital boosted its position in Comcast Co. (NASDAQ:CMCSA) by 145.4% in the first quarter, Holdings Channel.com reports. The firm owned 14,198 shares of the cable giant’s stock after purchasing an additional 8,413 shares during the quarter. Vicus Capital’s holdings in Comcast were worth $615,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Norges Bank bought a new stake in shares of Comcast in the 4th quarter valued at about $2,542,988,000. Capital World Investors boosted its position in shares of Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock valued at $4,725,926,000 after purchasing an additional 15,625,543 shares in the last quarter. Morningstar Investment Services LLC boosted its position in shares of Comcast by 116.8% during the 4th quarter. Morningstar Investment Services LLC now owns 5,145,838 shares of the cable giant’s stock valued at $227,034,000 after purchasing an additional 2,772,190 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Comcast by 215.7% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,622,246 shares of the cable giant’s stock valued at $158,835,000 after purchasing an additional 2,474,946 shares in the last quarter. Finally, Pathstone Holdings LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $108,332,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Performance

Shares of CMCSA traded up $0.88 on Friday, reaching $39.16. 38,288,913 shares of the company’s stock traded hands, compared to its average volume of 19,560,456. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market cap of $153.65 billion, a PE ratio of 10.36, a PEG ratio of 0.96 and a beta of 1.00. The stock’s 50 day simple moving average is $38.71 and its two-hundred day simple moving average is $41.39. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period in the prior year, the company earned $0.92 earnings per share. Comcast’s revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CMCSA shares. Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. 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 company. According to MarketBeat.com, the company has an average 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.