Mezzasalma Advisors LLC Has $369,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Mezzasalma Advisors LLC raised its holdings in Comcast Co. (NASDAQ:CMCSA) by 53.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,516 shares of the cable giant’s stock after purchasing an additional 2,970 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Comcast were worth $369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. American National Bank & Trust Co. VA acquired a new stake in Comcast during the 1st quarter worth $426,000. FCG Investment Co grew its stake in shares of Comcast by 98.4% during the first quarter. FCG Investment Co now owns 10,733 shares of the cable giant’s stock worth $465,000 after purchasing an additional 5,324 shares during the period. Oak Harvest Investment Services increased its holdings in Comcast by 0.3% in the first quarter. Oak Harvest Investment Services now owns 137,179 shares of the cable giant’s stock valued at $5,947,000 after purchasing an additional 402 shares during the last quarter. RBA Wealth Management LLC boosted its holdings in Comcast by 3.3% during the first quarter. RBA Wealth Management LLC now owns 101,445 shares of the cable giant’s stock worth $4,398,000 after buying an additional 3,197 shares during the last quarter. Finally, Uncommon Cents Investing LLC grew its position in shares of Comcast by 2.6% during the 1st quarter. Uncommon Cents Investing LLC now owns 74,238 shares of the cable giant’s stock worth $3,218,000 after buying an additional 1,869 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock traded up $0.20 during trading hours on Thursday, reaching $38.05. The company’s stock had a trading volume of 7,657,993 shares, compared to its average volume of 20,241,990. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm’s 50 day simple moving average is $38.58 and its 200-day simple moving average is $41.26. 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 company has a market capitalization of $149.29 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.95 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. Sell-side analysts forecast that Comcast Co. will post 4.22 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, July 3rd. Comcast’s payout ratio is 32.80%.

Insider Activity

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now directly owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Tuesday, June 11th. Evercore ISI lowered their target price on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday. The Goldman Sachs Group assumed coverage on shares of Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 price target on the stock. Citigroup dropped their price objective on shares of Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Comcast in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.53.

About Comcast

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.