Mezzasalma Advisors LLC Acquires 2,970 Shares of Comcast Co. (NASDAQ:CMCSA)

Mezzasalma Advisors LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 53.6% during the first quarter, Holdings Channel.com reports. The fund owned 8,516 shares of the cable giant’s stock after buying an additional 2,970 shares during the quarter. Mezzasalma Advisors LLC’s holdings in Comcast were worth $369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steph & Co. increased its stake in Comcast by 154.6% in the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in shares of Comcast by 299.1% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 475,675 shares during the last quarter. OLD Point Trust & Financial Services N A bought a new position in shares of Comcast during the 4th quarter valued at about $28,000. Pineridge Advisors LLC purchased a new position in shares of Comcast during the 4th quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its position in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock worth $33,000 after buying an additional 593 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast 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 transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CMCSA has been the topic of a number of recent research reports. Evercore ISI reduced their price target on shares of Comcast from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday. Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 24th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Friday, April 26th. Macquarie decreased their price objective on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Finally, The Goldman Sachs Group initiated coverage on Comcast in a research note on Tuesday, June 25th. They issued a “buy” rating and a $44.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $48.53.

Comcast Stock Up 0.5 %

CMCSA traded up $0.20 during trading on Thursday, reaching $38.05. The stock had a trading volume of 7,657,993 shares, compared to its average volume of 20,241,990. Comcast Co. has a one year low of $36.43 and a one year high of $47.46. The company has a market capitalization of $149.29 billion, a price-to-earnings ratio of 10.07, a P/E/G ratio of 0.95 and a beta of 1.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average is $38.58 and its two-hundred day moving average is $41.26.

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, topping the consensus estimate of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. As a group, analysts expect that Comcast Co. will post 4.22 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors 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 dividend yield of 3.26%. Comcast’s payout ratio is currently 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.