Founders Capital Management LLC Acquires 3,000 Shares of Comcast Co. (NASDAQ:CMCSA)

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%.

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About Comcast

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

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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