Vicus Capital Grows Holdings in Comcast Co. (NASDAQ:CMCSA)

Vicus Capital raised its position in Comcast Co. (NASDAQ:CMCSA) by 145.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 14,198 shares of the cable giant’s stock after buying an additional 8,413 shares during the quarter. Vicus Capital’s holdings in Comcast were worth $615,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CMCSA. Greenwich Wealth Management LLC boosted its position in Comcast by 2.6% during the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock worth $372,000 after acquiring an additional 219 shares during the period. Legend Financial Advisors Inc. boosted its position in Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock worth $65,000 after acquiring an additional 220 shares during the period. Beaumont Asset Management L.L.C. boosted its position in Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock worth $620,000 after acquiring an additional 226 shares during the period. Keystone Financial Services boosted its position in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock worth $896,000 after acquiring an additional 229 shares during the period. Finally, Bollard Group LLC boosted its position in Comcast by 0.7% during the 4th quarter. Bollard Group LLC now owns 36,996 shares of the cable giant’s stock worth $1,622,000 after acquiring an additional 244 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Up 2.3 %

Shares of CMCSA traded up $0.88 during trading hours on Friday, hitting $39.16. 38,288,913 shares of the stock traded hands, compared to its average volume of 19,560,456. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The firm has a market capitalization of $153.65 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The business has a fifty day moving average of $38.71 and a 200-day moving average of $41.39.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Macquarie reduced their price target on Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Finally, Citigroup reduced their target price on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.62.

Insider Activity at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction dated 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 sale, 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 can be accessed through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Comcast Company 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.