Legacy Advisors LLC Buys 3,568 Shares of Comcast Co. (NASDAQ:CMCSA)

Legacy Advisors LLC raised its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,321 shares of the cable giant’s stock after purchasing an additional 3,568 shares during the quarter. Legacy Advisors LLC’s holdings in Comcast were worth $1,461,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Comcast by 299.1% in 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. Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $34,000. Lipe & Dalton acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $37,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at approximately $44,000. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.39 during trading on Wednesday, reaching $38.15. 5,714,406 shares of the stock traded hands, compared to its average volume of 20,338,406. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.46. 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 company has a 50-day moving average of $40.03 and a 200-day moving average of $42.00. The stock has a market capitalization of $149.69 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 0.96 and a beta of 0.99.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. Analysts forecast that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

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 issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a dividend yield of 3.25%. Comcast’s payout ratio is currently 32.80%.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CMCSA shares. Citigroup dropped their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Macquarie dropped their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Get Our Latest Stock Report on CMCSA

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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