Woodmont Investment Counsel LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Woodmont Investment Counsel LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 38.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,852 shares of the cable giant’s stock after acquiring an additional 2,750 shares during the period. Woodmont Investment Counsel LLC’s holdings in Comcast were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Wealthspire Advisors LLC raised its stake in shares of Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after buying an additional 2,781 shares during the last quarter. Everett Harris & Co. CA grew its position in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after acquiring an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. grew its position in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock valued at $4,438,000 after acquiring an additional 1,486 shares during the period. Brevan Howard Capital Management LP acquired a new stake in shares of Comcast during the 4th quarter valued at about $2,056,000. Finally, Axxcess Wealth Management LLC grew its position in shares of Comcast by 10.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after acquiring an additional 10,936 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Citigroup lowered their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Evercore ISI lowered their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Scotiabank lowered their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.53.

Comcast Stock Down 0.0 %

CMCSA stock opened at $38.16 on Wednesday. The firm has a market cap of $149.73 billion, a PE ratio of 10.10, a PEG ratio of 0.98 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. The firm’s 50 day moving average price is $38.67 and its 200-day moving average price is $41.32. Comcast Co. has a one year low of $36.43 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’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 company earned $0.92 EPS. On average, equities research analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Insider Buying and Selling at Comcast

In other Comcast 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 stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.26% of the stock is owned by corporate insiders.

About Comcast

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.