Private Wealth Partners LLC Invests $2.60 Million in Comcast Co. (NASDAQ:CMCSA)

Private Wealth Partners LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 65,114 shares of the cable giant’s stock, valued at approximately $2,603,000.

Other large investors have also recently bought and sold shares of the company. PDS Planning Inc purchased a new stake in Comcast during the 1st quarter worth approximately $226,000. Resources Investment Advisors Inc. boosted its holdings in shares of Comcast by 26.1% during the 4th quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock worth $184,000 after purchasing an additional 1,117 shares during the last quarter. National Asset Management Inc. boosted its holdings in shares of Comcast by 5.3% during the 4th quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock worth $1,906,000 after purchasing an additional 2,831 shares during the last quarter. Haverford Trust Co. boosted its holdings in shares of Comcast by 0.3% during the 4th quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock worth $105,904,000 after purchasing an additional 8,001 shares during the last quarter. Finally, Lee Capital Holdings LLC boosted its holdings in shares of Comcast by 352.0% during the 4th quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock worth $919,000 after purchasing an additional 21,026 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.

Shares of CMCSA traded up $0.28 during mid-day trading on Friday, hitting $42.28. 49,937,478 shares of the company’s stock were exchanged, compared to its average volume of 20,775,194. Comcast Co. has a fifty-two week low of $32.42 and a fifty-two week high of $43.96. The stock has a market cap of $190.62 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.17 and a beta of 1.12. The company has a 50 day simple moving average of $42.43. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.73.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The business had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 3.02 earnings per share for the current year.

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 dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.99%. Comcast’s dividend payout ratio (DPR) is 32.94%.

CMCSA has been the topic of several recent research reports. TD Securities boosted their target price on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, April 29th. BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Guggenheim upgraded Comcast from a “neutral” rating to a “buy” rating and set a $42.31 price objective on the stock in a report on Thursday, May 30th. Rosenblatt Securities started coverage on Comcast in a report on Friday, June 14th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Macquarie started coverage on Comcast in a report on Wednesday, June 19th. They issued a “buy” rating and a $50.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Comcast has an average rating of “Buy” and a consensus target price of $44.16.

In related news, SVP Daniel C. Murdock sold 1,038 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total value of $43,596.00. Following the completion of the sale, the senior vice president now owns 3,707 shares in the company, valued at $155,694. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David L. Cohen sold 4,468 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $42.00, for a total transaction of $187,656.00. Following the completion of the sale, the executive vice president now owns 269,558 shares of the company’s stock, valued at approximately $11,321,436. The disclosure for this sale can be found here. Insiders have sold 469,307 shares of company stock valued at $20,327,244 in the last quarter. Insiders own 1.35% of the company’s stock.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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