Founders Capital Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 31.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,545 shares of the cable giant’s stock after purchasing an additional 3,000 shares during the quarter. Founders Capital Management LLC’s holdings in Comcast were worth $502,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Acima Private Wealth LLC purchased a new position in shares of Comcast in the 4th quarter worth $25,000. Litman Gregory Asset Management LLC purchased a new position in shares of Comcast in the 4th quarter worth $30,000. Ironwood Financial llc purchased a new position in shares of Comcast in the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Comcast in the 4th quarter worth $46,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in shares of Comcast in the 4th quarter worth $52,000. Institutional investors and hedge funds own 80.77% of the company’s stock.
CMCSA has been the topic of several research reports. TD Securities increased their target price on Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. BidaskClub lowered Comcast from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Macquarie raised Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research report on Tuesday, April 9th. Finally, Raymond James raised their price objective on Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.65.
In related news, EVP Arthur R. Block sold 1,967 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.23, for a total transaction of $79,132.41. Following the sale, the executive vice president now owns 62,088 shares of the company’s stock, valued at $2,497,800.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 3,453 shares in the company, valued at approximately $139,363.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 849,537 shares of company stock valued at $35,489,480. Insiders own 1.35% of the company’s stock.
CMCSA stock traded down $0.55 during midday trading on Wednesday, reaching $41.92. The company had a trading volume of 14,878,833 shares, compared to its average volume of 18,623,459. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a fifty-two week low of $30.67 and a fifty-two week high of $43.96. The company has a market cap of $195.49 billion, a P/E ratio of 16.44, a PEG ratio of 1.20 and a beta of 1.13.
Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.08. The business had revenue of $26.86 billion during 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 business’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. Analysts expect that Comcast Co. will post 3 EPS for the current fiscal year.
The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. Comcast’s dividend payout ratio is presently 32.94%.
ILLEGAL ACTIVITY NOTICE: This story was published by Sundance Herald and is the sole property of of Sundance Herald. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://sundanceherald.com/2019/05/29/comcast-co-cmcsa-shares-bought-by-founders-capital-management-llc.html.
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.
Further Reading: 52-Week High/Low
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.