Larson Financial Group LLC Has $453,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Larson Financial Group LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 50.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,457 shares of the cable giant’s stock after purchasing an additional 3,489 shares during the period. Larson Financial Group LLC’s holdings in Comcast were worth $453,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Markel Group Inc. grew its stake in Comcast by 1.1% in the first quarter. Markel Group Inc. now owns 1,072,241 shares of the cable giant’s stock valued at $46,482,000 after purchasing an additional 11,500 shares in the last quarter. Rehmann Capital Advisory Group increased its holdings in Comcast by 4.3% in the first quarter. Rehmann Capital Advisory Group now owns 39,061 shares of the cable giant’s stock worth $1,693,000 after buying an additional 1,618 shares during the last quarter. Commerce Bank raised its position in Comcast by 0.3% during the first quarter. Commerce Bank now owns 447,787 shares of the cable giant’s stock valued at $19,412,000 after acquiring an additional 1,259 shares in the last quarter. AA Financial Advisors LLC acquired a new stake in Comcast in the first quarter valued at approximately $638,000. Finally, Boomfish Wealth Group LLC grew its position in Comcast by 4.0% in the first quarter. Boomfish Wealth Group LLC now owns 30,897 shares of the cable giant’s stock worth $1,339,000 after acquiring an additional 1,198 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CMCSA shares. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a report on Tuesday, June 11th. The Goldman Sachs Group began coverage on shares of Comcast in a report on Tuesday, June 25th. They set a “buy” rating and a $44.00 price objective on the stock. Finally, Macquarie reduced their price objective on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Hold” and an average target price of $48.53.

Comcast Stock Performance

CMCSA stock traded down $0.08 during midday trading on Wednesday, reaching $37.43. 19,193,874 shares of the company were exchanged, compared to its average volume of 20,410,691. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The firm has a market capitalization of $146.86 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.93 and a beta of 1.00. The business has a 50-day moving average price of $38.52 and a two-hundred day moving average price of $41.05. 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 released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the firm earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Comcast Company Profile

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.