IFM Investors Pty Ltd raised its position in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 19.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 719,213 shares of the cable giant’s stock after purchasing an additional 119,226 shares during the quarter. IFM Investors Pty Ltd’s holdings in Comcast were worth $33,674,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. KCS Wealth Advisory grew its stake in shares of Comcast by 5.8% during the 1st quarter. KCS Wealth Advisory now owns 76,037 shares of the cable giant’s stock valued at $3,560,000 after purchasing an additional 4,174 shares during the period. Scharf Investments LLC lifted its position in shares of Comcast by 4.0% during the 1st quarter. Scharf Investments LLC now owns 3,107,816 shares of the cable giant’s stock valued at $145,521,000 after buying an additional 118,812 shares in the last quarter. Kowal Investment Group LLC lifted its position in shares of Comcast by 20.8% during the 1st quarter. Kowal Investment Group LLC now owns 6,677 shares of the cable giant’s stock valued at $313,000 after buying an additional 1,149 shares in the last quarter. WealthBridge Capital Management LLC purchased a new position in shares of Comcast during the 1st quarter valued at about $307,000. Finally, Elwood & Goetz Wealth Advisory Group LLC purchased a new position in shares of Comcast during the 1st quarter valued at about $202,000. 83.33% of the stock is currently owned by institutional investors.
Comcast Trading Down 4.8 %
Shares of NASDAQ CMCSA opened at $37.52 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $170.09 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 0.86 and a beta of 0.97. Comcast Co. has a 1-year low of $36.57 and a 1-year high of $61.80. The business has a fifty day moving average price of $41.02 and a 200 day moving average price of $44.49.
Comcast Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Wednesday, July 6th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Tuesday, July 5th. Comcast’s dividend payout ratio (DPR) is presently 34.84%.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. Daiwa Capital Markets assumed coverage on Comcast in a research report on Friday, July 1st. They set an “outperform” rating and a $43.00 price objective on the stock. Cowen lowered their price target on Comcast from $60.00 to $51.00 in a report on Friday. Raymond James reissued a “hold” rating on shares of Comcast in a report on Friday, July 8th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, July 15th. Finally, Pivotal Research lowered their price target on Comcast from $55.00 to $47.00 and set a “buy” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.39.
Insider Buying and Selling at Comcast
In other Comcast news, CAO Daniel C. Murdock sold 8,929 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $44.50, for a total value of $397,340.50. Following the completion of the sale, the chief accounting officer now directly owns 1,817 shares in the company, valued at $80,856.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.11% of the stock is currently owned by company insiders.
Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
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