Comcast Co. (NASDAQ:CMCSA) Shares Bought by Leonard Rickey Investment Advisors P.L.L.C.

Leonard Rickey Investment Advisors P.L.L.C. raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 17.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,767 shares of the cable giant’s stock after buying an additional 1,319 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Comcast were worth $380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Iams Wealth Management LLC grew its position in Comcast by 2.4% during the first quarter. Iams Wealth Management LLC now owns 38,973 shares of the cable giant’s stock valued at $1,643,000 after buying an additional 902 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Comcast by 18.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,063,878 shares of the cable giant’s stock worth $89,469,000 after acquiring an additional 322,450 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Comcast during the 1st quarter valued at about $438,000. Hexagon Capital Partners LLC increased its stake in shares of Comcast by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 5,222 shares of the cable giant’s stock valued at $226,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Claro Advisors LLC raised its holdings in Comcast by 17.9% in the 1st quarter. Claro Advisors LLC now owns 18,868 shares of the cable giant’s stock worth $818,000 after purchasing an additional 2,870 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

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 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 owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.8 %

Shares of CMCSA stock traded down $0.31 during trading hours on Tuesday, reaching $37.86. 4,586,200 shares of the stock were exchanged, compared to its average volume of 20,534,447. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The business’s fifty day moving average is $38.71 and its two-hundred day moving average is $41.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm has a market capitalization of $148.55 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period in the previous year, the business earned $0.92 EPS. Comcast’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts expect that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.28%. Comcast’s dividend payout ratio is presently 32.80%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research analyst reports. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a report on Tuesday, June 11th. Scotiabank lowered their price target on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $48.53.

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.