Royal Fund Management LLC Makes New $44,000 Investment in Comcast Co. (NASDAQ:CMCSA)

Royal Fund Management LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,306 shares of the cable giant’s stock, valued at approximately $44,000.

Several other hedge funds also recently modified their holdings of CMCSA. NEXT Financial Group Inc increased its stake in shares of Comcast by 25.1% in the fourth quarter. NEXT Financial Group Inc now owns 12,072 shares of the cable giant’s stock valued at $543,000 after buying an additional 2,425 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $402,000. FinTrust Capital Advisors LLC increased its stake in shares of Comcast by 10.1% in the fourth quarter. FinTrust Capital Advisors LLC now owns 5,383 shares of the cable giant’s stock valued at $242,000 after buying an additional 492 shares during the period. Executive Wealth Management LLC increased its stake in shares of Comcast by 32.5% in the fourth quarter. Executive Wealth Management LLC now owns 5,824 shares of the cable giant’s stock valued at $261,000 after buying an additional 1,430 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Comcast in the fourth quarter valued at about $1,535,000. 82.12% of the stock is owned by institutional investors.

CMCSA stock opened at $38.74 on Friday. Comcast Co. has a twelve month low of $31.70 and a twelve month high of $47.74. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average is $36.75 and its 200-day moving average is $41.57. The firm has a market capitalization of $177.34 billion, a PE ratio of 15.37, a P/E/G ratio of 1.60 and a beta of 0.95.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 30th. The cable giant reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. Comcast had a return on equity of 17.56% and a net margin of 10.72%. The company had revenue of $26.61 billion for the quarter, compared to analyst estimates of $26.71 billion. During the same quarter last year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 2.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. Comcast’s dividend payout ratio is presently 29.39%.

Several equities research analysts have recently weighed in on CMCSA shares. Robert W. Baird cut Comcast from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $50.00 to $38.00 in a research note on Monday, March 23rd. KeyCorp cut their target price on Comcast from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley cut their target price on Comcast from $53.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Co upped their target price on Comcast from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Finally, Credit Suisse Group cut their target price on Comcast from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, March 27th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.19.

In related news, EVP David N. Watson sold 202,782 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $37.05, for a total transaction of $7,513,073.10. Following the completion of the sale, the executive vice president now directly owns 893,424 shares of the company’s stock, valued at $33,101,359.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel C. Murdock sold 919 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $37.53, for a total value of $34,490.07. Following the sale, the chief accounting officer now directly owns 2,654 shares of the company’s stock, valued at $99,604.62. The disclosure for this sale can be found here. Insiders sold 204,739 shares of company stock worth $7,585,502 in the last 90 days. Corporate insiders own 1.35% of the company’s stock.

Comcast Company 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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