Comcast Co. (NASDAQ:CMCSA) Shares Acquired by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 74.0% during the first quarter, Holdings Channel reports. The fund owned 20,963 shares of the cable giant’s stock after purchasing an additional 8,915 shares during the quarter. CreativeOne Wealth LLC’s holdings in Comcast were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Capital World Investors increased its holdings in shares of Comcast by 17.0% in the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after acquiring an additional 15,625,543 shares during the period. Norges Bank bought a new position in Comcast in the 4th quarter valued at about $2,542,988,000. Harris Associates L P grew its position in Comcast by 10.9% in the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock valued at $827,616,000 after buying an additional 1,854,671 shares in the last quarter. LSV Asset Management grew its position in Comcast by 3.8% in the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock valued at $687,947,000 after buying an additional 570,050 shares in the last quarter. Finally, Raymond James & Associates grew its position in Comcast by 2.8% in the 1st quarter. Raymond James & Associates now owns 15,100,752 shares of the cable giant’s stock valued at $654,617,000 after buying an additional 408,425 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMCSA. Wells Fargo & Company decreased their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Pivotal Research decreased their target price on shares of Comcast from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Wednesday. Barclays decreased their target price on shares of Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday. Citigroup reduced their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, KeyCorp reduced their price objective on shares of Comcast from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Comcast presently has an average rating of “Hold” and a consensus price target of $47.28.

Comcast Trading Up 3.8 %

Shares of CMCSA traded up $1.45 during midday trading on Friday, hitting $39.69. The stock had a trading volume of 24,563,940 shares, compared to its average volume of 19,189,402. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The business has a 50-day simple moving average of $38.53 and a two-hundred day simple moving average of $40.66. The firm has a market cap of $155.73 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.01 and a beta of 1.00. The company has a current ratio of 0.66, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The business had revenue of $29.69 billion during the quarter, compared to analyst estimates of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 earnings per share. As a group, equities analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Stockholders of record on Wednesday, October 2nd will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Wednesday, October 2nd. Comcast’s dividend payout ratio (DPR) is 32.80%.

Insider Transactions at Comcast

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 shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.26% of the stock is owned by insiders.

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.