10,537 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Rockport Wealth LLC

Rockport Wealth LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,537 shares of the cable giant’s stock, valued at approximately $457,000.

Several other institutional investors have also bought and sold shares of CMCSA. Greenwich Wealth Management LLC boosted its stake in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares during the last quarter. Legend Financial Advisors Inc. boosted its stake in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the last quarter. Beaumont Asset Management L.L.C. boosted its stake in 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 acquiring an additional 226 shares during the last quarter. Keystone Financial Services boosted its stake in 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 acquiring an additional 229 shares during the last quarter. Finally, Bollard Group LLC raised its holdings in 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 buying an additional 244 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’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 completion of the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CMCSA. Seaport Res Ptn downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Scotiabank dropped their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Benchmark restated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Monday, May 13th. Finally, Oppenheimer restated an “outperform” rating and set a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Comcast presently has an average rating of “Hold” and an average target price of $48.53.

Comcast Price Performance

CMCSA stock traded down $1.02 during midday trading on Tuesday, reaching $38.51. The company had a trading volume of 30,677,180 shares, compared to its average volume of 20,495,809. The company has a market capitalization of $151.10 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.00 and a beta of 1.00. The stock has a 50 day moving average price of $38.60 and a 200-day moving average price of $40.76. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Equities research analysts expect that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 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.