Patriot Financial Group Insurance Agency LLC Purchases 145,679 Shares of Comcast Corporation $CMCSA

Patriot Financial Group Insurance Agency LLC lifted its position in Comcast Corporation (NASDAQ:CMCSA) by 113.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,396 shares of the cable giant’s stock after purchasing an additional 145,679 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $7,878,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CMCSA. Imprint Wealth LLC bought a new stake in Comcast in the 3rd quarter worth approximately $26,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Comcast during the fourth quarter valued at approximately $27,000. United Financial Planning Group LLC purchased a new position in shares of Comcast during the third quarter worth approximately $28,000. Olistico Wealth LLC purchased a new position in shares of Comcast during the fourth quarter worth approximately $29,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Comcast by 212.6% in the 4th quarter. Richardson Financial Services Inc. now owns 1,016 shares of the cable giant’s stock worth $30,000 after acquiring an additional 691 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CMCSA. Royal Bank Of Canada increased their target price on shares of Comcast from $31.00 to $32.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Rosenblatt Securities cut their price target on shares of Comcast from $30.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, June 5th. Freedom Capital raised Comcast to a “hold” rating in a research note on Friday, June 12th. New Street Research decreased their price objective on Comcast from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday. Finally, UBS Group reissued a “neutral” rating on shares of Comcast in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.46.

Comcast Stock Up 2.3%

Shares of NASDAQ CMCSA opened at $23.20 on Friday. The firm’s fifty day moving average is $25.29 and its 200 day moving average is $28.03. Comcast Corporation has a 52 week low of $22.13 and a 52 week high of $36.66. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The company has a market cap of $82.88 billion, a price-to-earnings ratio of 4.57, a PEG ratio of 1.89 and a beta of 0.67.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 23rd. The cable giant reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.06. The business had revenue of $31.46 billion during the quarter, compared to analysts’ expectations of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. On average, equities research analysts expect that Comcast Corporation will post 3.53 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Wednesday, July 1st. Comcast’s dividend payout ratio is currently 25.98%.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.