Little House Capital LLC Has $1.39 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Little House Capital LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% in the first quarter, Holdings Channel.com reports. The firm owned 32,116 shares of the cable giant’s stock after selling 1,500 shares during the quarter. Little House Capital LLC’s holdings in Comcast were worth $1,392,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Greenwich Wealth Management LLC grew its holdings in shares of Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after purchasing an additional 219 shares during the last quarter. Legend Financial Advisors Inc. boosted its holdings in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after acquiring an additional 220 shares during the period. Beaumont Asset Management L.L.C. grew its position in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares during the last quarter. Keystone Financial Services lifted its position in Comcast by 1.1% in the fourth quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after purchasing an additional 229 shares during the last quarter. Finally, Bollard Group LLC grew its holdings in shares of Comcast by 0.7% in the fourth quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after purchasing an additional 244 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast stock in a transaction that occurred 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 transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.26% of the stock is currently owned by company insiders.

Comcast Trading Down 2.2 %

Shares of NASDAQ CMCSA traded down $0.88 during trading hours on Monday, hitting $38.28. 7,965,417 shares of the company traded hands, compared to its average volume of 20,590,512. The stock has a market capitalization of $150.20 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00. The company’s 50 day moving average price is $38.71 and its 200 day moving average price is $41.37. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday, March 26th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Wells Fargo & Company lowered their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a research note on Monday, May 13th. Finally, Macquarie lowered their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.62.

Comcast Profile

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.