Oliver Luxxe Assets LLC Buys 14,446 Shares of Comcast Co. (NASDAQ:CMCSA)

Oliver Luxxe Assets LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 34.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,843 shares of the cable giant’s stock after purchasing an additional 14,446 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Comcast were worth $2,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Camarda Financial Advisors LLC lifted its position in Comcast by 8.1% in the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock worth $133,000 after buying an additional 250 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its position in Comcast by 3.5% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 7,631 shares of the cable giant’s stock worth $305,000 after buying an additional 255 shares during the last quarter. Stokes & Hubbell Capital Management LLC lifted its position in Comcast by 1.3% in the 1st quarter. Stokes & Hubbell Capital Management LLC now owns 20,560 shares of the cable giant’s stock worth $822,000 after buying an additional 259 shares during the last quarter. Optimum Investment Advisors lifted its position in Comcast by 5.0% in the 1st quarter. Optimum Investment Advisors now owns 5,769 shares of the cable giant’s stock worth $231,000 after buying an additional 274 shares during the last quarter. Finally, Chesley Taft & Associates LLC lifted its position in Comcast by 0.7% in the 1st quarter. Chesley Taft & Associates LLC now owns 41,805 shares of the cable giant’s stock worth $1,671,000 after buying an additional 275 shares during the last quarter. Institutional investors and hedge funds own 82.59% of the company’s stock.

Comcast stock traded down $0.26 during trading hours on Thursday, reaching $44.61. The company had a trading volume of 25,476,031 shares, compared to its average volume of 18,917,184. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50-day simple moving average of $43.05. The stock has a market cap of $201.15 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. Comcast Co. has a 12-month low of $32.61 and a 12-month high of $45.29.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion for the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The business’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Analysts anticipate that Comcast Co. will post 3.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd were paid a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. Comcast’s dividend payout ratio (DPR) is currently 32.94%.

In other news, SVP Daniel C. Murdock sold 1,701 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $41.46, for a total transaction of $70,523.46. Following the transaction, the senior vice president now directly owns 4,712 shares of the company’s stock, valued at $195,359.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Stephen B. Burke sold 457,633 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $43.35, for a total value of $19,838,390.55. Following the transaction, the executive vice president now directly owns 1,078,189 shares in the company, valued at $46,739,493.15. The disclosure for this sale can be found here. 1.35% of the stock is owned by insiders.

A number of analysts recently weighed in on CMCSA shares. KeyCorp boosted their target price on T-Mobile Us from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Barclays set a $46.00 target price on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, April 26th. Pivotal Research restated a “buy” rating and issued a $54.00 target price on shares of Comcast in a research report on Wednesday, June 26th. Rosenblatt Securities started coverage on Comcast in a research report on Friday, June 14th. They issued a “buy” rating and a $50.00 target price for the company. Finally, TD Securities dropped their target price on West Fraser Timber from C$83.00 to C$80.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $44.92.

Comcast Company Profile

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: Total Return

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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