Comcast Co. (NASDAQ:CMCSA) Holdings Raised by Biltmore Family Office LLC

Biltmore Family Office LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,723 shares of the cable giant’s stock after acquiring an additional 655 shares during the quarter. Biltmore Family Office LLC’s holdings in Comcast were worth $829,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Resources Investment Advisors Inc. increased its holdings in Comcast by 26.1% in the 4th quarter. Resources Investment Advisors Inc. now owns 5,395 shares of the cable giant’s stock worth $184,000 after buying an additional 1,117 shares in the last quarter. National Asset Management Inc. increased its holdings in Comcast by 5.3% in the 4th quarter. National Asset Management Inc. now owns 55,899 shares of the cable giant’s stock worth $1,906,000 after buying an additional 2,831 shares in the last quarter. Haverford Trust Co. increased its holdings in Comcast by 0.3% in the 4th quarter. Haverford Trust Co. now owns 3,110,244 shares of the cable giant’s stock worth $105,904,000 after buying an additional 8,001 shares in the last quarter. Lee Capital Holdings LLC increased its holdings in Comcast by 352.0% in the 4th quarter. Lee Capital Holdings LLC now owns 27,000 shares of the cable giant’s stock worth $919,000 after buying an additional 21,026 shares in the last quarter. Finally, Arjuna Capital increased its holdings in Comcast by 4.6% in the 4th quarter. Arjuna Capital now owns 26,035 shares of the cable giant’s stock worth $886,000 after buying an additional 1,149 shares in the last quarter. 80.01% of the stock is owned by institutional investors.

NASDAQ:CMCSA traded down $0.06 during trading hours on Friday, reaching $42.67. The stock had a trading volume of 7,513,494 shares, compared to its average volume of 18,678,502. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.73 and a quick ratio of 0.73. Comcast Co. has a 52 week low of $30.67 and a 52 week high of $43.96. The company has a market cap of $198.46 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.18 and a beta of 1.13.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. The business had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The company’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, analysts anticipate that Comcast Co. will post 2.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Tuesday, July 2nd. Comcast’s dividend payout ratio is currently 32.94%.

In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel C. Murdock sold 919 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the completion of the sale, the chief accounting officer now owns 3,453 shares of the company’s stock, valued at $139,363.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 849,537 shares of company stock worth $35,489,480. Corporate insiders own 1.35% of the company’s stock.

A number of research firms have issued reports on CMCSA. KeyCorp boosted their price target on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Raymond James boosted their price target on Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Barclays lifted their price objective on Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. Finally, Morgan Stanley lifted their price objective on Comcast from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $44.65.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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