Comcast Co. (NASDAQ:CMCSA) Stake Boosted by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 17.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,767 shares of the cable giant’s stock after buying an additional 1,319 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Comcast were worth $380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Steph & Co. increased its holdings in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 371 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its stake in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the period. OLD Point Trust & Financial Services N A purchased a new stake in Comcast in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC purchased a new position in shares of Comcast during the 4th quarter valued at $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in shares of Comcast by 336.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after acquiring an additional 593 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Benchmark reiterated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Scotiabank reduced their target price on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a research note on Friday, April 26th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $48.53.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was 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 in the company, valued at $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.31 during trading hours on Tuesday, reaching $37.86. 4,586,200 shares of the company’s stock were exchanged, compared to its average volume of 20,534,447. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $148.55 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.98 and a beta of 1.00. The business has a fifty day moving average price of $38.71 and a 200-day moving average price of $41.37.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. Analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.