Edge Capital Group LLC Has $571,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Edge Capital Group LLC grew its holdings in Comcast Co. (NASDAQ:CMCSAFree Report) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,028 shares of the cable giant’s stock after buying an additional 2,189 shares during the quarter. Edge Capital Group LLC’s holdings in Comcast were worth $571,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Comcast in the 4th quarter worth about $2,542,988,000. Northern Trust Corp grew its holdings in shares of Comcast by 0.3% in the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after purchasing an additional 141,874 shares during the last quarter. LSV Asset Management grew its holdings in Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after acquiring an additional 570,050 shares during the last quarter. Raymond James & Associates grew its holdings in Comcast by 2.3% during the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after acquiring an additional 329,278 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Comcast by 5.4% during the 4th quarter. California Public Employees Retirement System now owns 11,432,426 shares of the cable giant’s stock worth $501,312,000 after acquiring an additional 581,163 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $39.56 on Wednesday. The company has a market capitalization of $155.22 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.99 and a beta of 1.00. The firm’s 50 day simple moving average is $39.67 and its 200 day simple moving average is $41.90. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for 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%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. As a group, sell-side analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.13%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CMCSA shares. Wells Fargo & Company decreased their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Macquarie decreased their price objective on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Oppenheimer reissued an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $55.00 target price 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Read Our Latest Stock Analysis on CMCSA

About Comcast

(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.

Further Reading

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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