Hedeker Wealth LLC Has $4.99 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

Hedeker Wealth LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,153 shares of the cable giant’s stock after selling 874 shares during the period. Comcast makes up approximately 1.4% of Hedeker Wealth LLC’s holdings, making the stock its 25th biggest position. Hedeker Wealth LLC’s holdings in Comcast were worth $4,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC increased its stake in shares of Comcast by 538.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 173,791 shares of the cable giant’s stock worth $7,706,000 after purchasing an additional 146,588 shares during the period. Axxcess Wealth Management LLC increased its stake in shares of Comcast by 138.4% in the third quarter. Axxcess Wealth Management LLC now owns 104,567 shares of the cable giant’s stock worth $4,637,000 after purchasing an additional 60,710 shares during the period. Alps Advisors Inc. increased its stake in shares of Comcast by 58.0% in the third quarter. Alps Advisors Inc. now owns 691,935 shares of the cable giant’s stock worth $30,680,000 after purchasing an additional 253,986 shares during the period. EHP Funds Inc. bought a new position in shares of Comcast in the third quarter worth about $519,000. Finally, Legacy Advisors LLC increased its stake in shares of Comcast by 2.8% in the third quarter. Legacy Advisors LLC now owns 29,753 shares of the cable giant’s stock worth $1,319,000 after purchasing an additional 801 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several research reports. Citigroup lowered their price target on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They set a “buy” rating and a $44.00 price target on the stock. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Friday, April 26th. Finally, Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. One 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.53.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.26% of the company’s stock.

Comcast Trading Up 0.7 %

NASDAQ:CMCSA traded up $0.27 during trading hours on Wednesday, hitting $38.12. 1,567,487 shares of the stock were exchanged, compared to its average volume of 20,469,664. The company’s 50 day moving average is $38.67 and its two-hundred day moving average is $41.32. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $149.57 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the prior year, the business earned $0.92 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.25%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio is 32.80%.

Comcast 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.