Comcast Co. (NASDAQ:CMCSA) Shares Sold by Hedeker Wealth LLC

Hedeker Wealth LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,153 shares of the cable giant’s stock after selling 874 shares during the quarter. Comcast makes up approximately 1.4% of Hedeker Wealth LLC’s investment portfolio, making the stock its 25th largest position. Hedeker Wealth LLC’s holdings in Comcast were worth $4,992,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Greenwich Wealth Management LLC grew its holdings in Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after buying an additional 219 shares in the last quarter. Legend Financial Advisors Inc. grew its holdings in Comcast by 17.5% in the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after buying an additional 220 shares in the last quarter. Beaumont Asset Management L.L.C. grew its holdings 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 period. Keystone Financial Services grew its holdings 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 period. Finally, Bollard Group LLC grew its holdings 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 period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the business’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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock traded up $0.27 during midday trading on Wednesday, hitting $38.12. The company had a trading volume of 1,567,487 shares, compared to its average volume of 20,469,664. The company’s 50 day simple moving average is $38.67 and its 200 day simple moving average is $41.32. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. The stock has a market cap of $149.57 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.98 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts anticipate 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. Investors of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.25%. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Friday, April 26th. Macquarie decreased their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. The Goldman Sachs Group started coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 target price on the stock. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Finally, BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.53.

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.