VeraBank N.A. Has $404,000 Position in Comcast Co. (NASDAQ:CMCSA)

VeraBank N.A. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 20.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,310 shares of the cable giant’s stock after purchasing an additional 1,568 shares during the period. VeraBank N.A.’s holdings in Comcast were worth $404,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CMCSA. Catalina Capital Group LLC raised its stake in Comcast by 107.3% in the first quarter. Catalina Capital Group LLC now owns 21,043 shares of the cable giant’s stock valued at $912,000 after buying an additional 10,890 shares during the period. Avidian Wealth Solutions LLC raised its stake in Comcast by 12.3% in the 1st quarter. Avidian Wealth Solutions LLC now owns 15,001 shares of the cable giant’s stock valued at $650,000 after acquiring an additional 1,640 shares during the period. TFB Advisors LLC acquired a new stake in Comcast during the 1st quarter valued at $422,000. Mediolanum International Funds Ltd bought a new position in Comcast during the first quarter worth $11,605,000. Finally, Larson Financial Group LLC increased its holdings in shares of Comcast by 50.1% in the first quarter. Larson Financial Group LLC now owns 10,457 shares of the cable giant’s stock valued at $453,000 after purchasing an additional 3,489 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Evercore ISI dropped their price target on Comcast from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Tuesday, July 2nd. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Scotiabank cut their price objective on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating for the company in a report on Friday, April 26th. Finally, Seaport Res Ptn cut shares of Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Comcast currently has a consensus rating of “Hold” and an average target price of $48.53.

Comcast Trading Down 0.2 %

CMCSA traded down $0.08 during trading on Wednesday, hitting $37.43. The company’s stock had a trading volume of 19,193,874 shares, compared to its average volume of 20,410,691. The firm has a market capitalization of $146.86 billion, a P/E ratio of 9.90, a PEG ratio of 0.93 and a beta of 1.00. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The stock’s fifty day moving average price is $38.51 and its 200-day moving average price is $41.02. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13.

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

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio is currently 32.80%.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the 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 directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.26% of the stock is currently owned by insiders.

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.