Defined Wealth Management LLC Trims Stake in Comcast Co. (NASDAQ:CMCSA)

Defined Wealth Management LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 22,293 shares of the cable giant’s stock after selling 819 shares during the period. Defined Wealth Management LLC’s holdings in Comcast were worth $966,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Steph & Co. grew its position in shares of Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast during the fourth quarter worth $28,000. Pineridge Advisors LLC purchased a new position in Comcast during the fourth quarter valued at $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its holdings in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 593 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred 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 owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is owned by insiders.

Comcast Trading Down 0.5 %

NASDAQ CMCSA opened at $38.22 on Thursday. The company’s 50-day simple moving average is $38.78 and its two-hundred day simple moving average is $41.46. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company has a market capitalization of $149.96 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. 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 posted $0.92 earnings per share. Equities analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s payout ratio is currently 32.80%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CMCSA. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas lowered shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Wells Fargo & Company decreased their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. One research 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.62.

Comcast 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.