Comcast Co. (NASDAQ:CMCSA) Holdings Boosted by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 17.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,121 shares of the cable giant’s stock after buying an additional 902 shares during the period. Gilman Hill Asset Management LLC’s holdings in Comcast were worth $265,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Austin Private Wealth LLC grew its position in Comcast by 5.7% in the 1st quarter. Austin Private Wealth LLC now owns 7,784 shares of the cable giant’s stock valued at $323,000 after buying an additional 421 shares in the last quarter. Strategic Planning Group LLC lifted its position in Comcast by 6.3% in the first quarter. Strategic Planning Group LLC now owns 5,693 shares of the cable giant’s stock worth $247,000 after purchasing an additional 338 shares during the period. CGN Advisors LLC increased its position in shares of Comcast by 7.4% during the 1st quarter. CGN Advisors LLC now owns 60,451 shares of the cable giant’s stock valued at $2,621,000 after purchasing an additional 4,173 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of Comcast by 7.7% in the first quarter. Harbor Investment Advisory LLC now owns 38,925 shares of the cable giant’s stock valued at $1,687,000 after buying an additional 2,799 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. raised its position in Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Activity

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.26% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $38.40 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market cap of $150.67 billion, a P/E ratio of 10.16, a PEG ratio of 0.96 and a beta of 1.00. The company has a fifty day moving average price of $38.78 and a 200 day moving average price of $41.46. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.23%. Comcast’s dividend payout ratio is currently 32.80%.

Analyst Ratings Changes

A number of analysts recently commented on CMCSA shares. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 3rd. Seaport Res Ptn cut Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Macquarie reduced their price target on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $48.62.

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.