RFG Advisory LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 24,637 shares of the cable giant’s stock, valued at approximately $1,039,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Archford Capital Strategies LLC grew its position in Comcast by 6.2% in the second quarter. Archford Capital Strategies LLC now owns 4,134 shares of the cable giant’s stock valued at $175,000 after acquiring an additional 240 shares in the last quarter. Ironwood Investment Counsel LLC lifted its stake in Comcast by 0.5% during the second quarter. Ironwood Investment Counsel LLC now owns 51,524 shares of the cable giant’s stock worth $2,178,000 after purchasing an additional 243 shares during the last quarter. SevenBridge Financial Group LLC lifted its stake in Comcast by 0.6% during the second quarter. SevenBridge Financial Group LLC now owns 41,429 shares of the cable giant’s stock worth $1,752,000 after purchasing an additional 249 shares during the last quarter. Intellectus Partners LLC lifted its stake in Comcast by 2.8% during the second quarter. Intellectus Partners LLC now owns 9,113 shares of the cable giant’s stock worth $385,000 after purchasing an additional 251 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Comcast by 1.6% during the second quarter. Assetmark Inc. now owns 15,928 shares of the cable giant’s stock worth $673,000 after purchasing an additional 251 shares during the last quarter. Institutional investors own 82.75% of the company’s stock.
Shares of Comcast stock traded down $0.52 during trading on Tuesday, hitting $44.56. 3,958,651 shares of the stock traded hands, compared to its average volume of 16,396,022. The stock has a market cap of $203.66 billion, a P/E ratio of 17.47, a PEG ratio of 1.22 and a beta of 1.07. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. Comcast Co. has a twelve month low of $32.61 and a twelve month high of $47.27. The company has a fifty day moving average price of $44.79 and a two-hundred day moving average price of $42.93.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, October 1st. Comcast’s payout ratio is 32.94%.
A number of research firms have issued reports on CMCSA. Benchmark began coverage on Comcast in a research note on Wednesday, September 25th. They issued a “buy” rating and a $64.00 target price on the stock. Bank of America set a $58.00 price target on Comcast and gave the company a “buy” rating in a report on Wednesday, August 21st. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a report on Thursday, August 15th. Cfra set a $50.00 target price on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Macquarie assumed coverage on Comcast in a report on Wednesday, June 19th. They set a “buy” rating and a $50.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Comcast currently has an average rating of “Buy” and a consensus target price of $48.33.
In related news, Director Kenneth J. Bacon sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $45.03, for a total value of $180,120.00. Following the transaction, the director now directly owns 29,603 shares of the company’s stock, valued at approximately $1,333,023.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel C. Murdock sold 848 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total value of $37,507.04. Following the completion of the transaction, the senior vice president now directly owns 3,419 shares in the company, valued at $151,222.37. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.
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.
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