Comcast Co. (NASDAQ:CMCSA) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 87.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,914 shares of the cable giant’s stock after buying an additional 13,951 shares during the quarter. Atomi Financial Group Inc.’s holdings in Comcast were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in CMCSA. Exchange Traded Concepts LLC lifted its stake in Comcast by 10,146.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 201,139 shares of the cable giant’s stock worth $8,820,000 after purchasing an additional 199,176 shares during the last quarter. Capital Investment Advisors LLC lifted its stake in Comcast by 3.6% in the fourth quarter. Capital Investment Advisors LLC now owns 36,198 shares of the cable giant’s stock valued at $1,587,000 after buying an additional 1,248 shares during the last quarter. Montecito Bank & Trust lifted its stake in Comcast by 13.1% in the fourth quarter. Montecito Bank & Trust now owns 6,973 shares of the cable giant’s stock valued at $306,000 after buying an additional 809 shares during the last quarter. Michael S. Ryan Inc. raised its stake in shares of Comcast by 8.4% during the fourth quarter. Michael S. Ryan Inc. now owns 7,334 shares of the cable giant’s stock valued at $322,000 after purchasing an additional 570 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Comcast in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CMCSA shares. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Macquarie reduced their price objective on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. The Goldman Sachs Group initiated coverage on shares of Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective for the company. Finally, Scotiabank reduced their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $48.53.

Comcast Price Performance

Comcast stock traded up $0.97 during mid-day trading on Monday, hitting $39.26. 9,591,370 shares of the company were exchanged, compared to its average volume of 20,289,566. 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 business has a fifty day moving average of $38.49 and a 200 day moving average of $40.92. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a market capitalization of $154.04 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping 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 firm 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 posted $0.92 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.16%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.