Mather Group LLC. Has $2.76 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Mather Group LLC. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 111.9% during the second quarter, HoldingsChannel reports. The firm owned 63,684 shares of the cable giant’s stock after acquiring an additional 33,626 shares during the quarter. Mather Group LLC.’s holdings in Comcast were worth $2,761,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Luken Investment Analytics LLC boosted its holdings in shares of Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock worth $25,000 after acquiring an additional 418 shares during the period. Steph & Co. increased its position in shares of Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after purchasing an additional 371 shares during the period. OLD Point Trust & Financial Services N A acquired a new position in Comcast in the fourth quarter valued at about $28,000. Pineridge Advisors LLC bought a new stake in Comcast during the fourth quarter worth about $32,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.7 %

Shares of Comcast stock traded down $0.26 on Tuesday, hitting $38.92. The company had a trading volume of 15,841,730 shares, compared to its average volume of 20,616,314. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a 50 day moving average of $38.71 and a 200-day moving average of $40.52. The stock has a market capitalization of $150.72 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.07 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data 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 the consensus estimate of $30.02 billion. Comcast had a net margin of 12.46% and a return on equity of 20.17%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.13 EPS. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.24 annualized dividend and a yield of 3.19%. Comcast’s payout ratio is 32.80%.

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 dated 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 directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on CMCSA shares. Wells Fargo & Company cut their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. BNP Paribas downgraded Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Barclays decreased their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 25th. Evercore ISI dropped their price objective on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Finally, Pivotal Research decreased their target price on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $46.01.

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.