Brighton Jones LLC Has $7.92 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Brighton Jones LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 28.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,732 shares of the cable giant’s stock after buying an additional 40,311 shares during the quarter. Brighton Jones LLC’s holdings in Comcast were worth $7,921,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ProVise Management Group LLC grew its holdings in Comcast by 4.9% during the first quarter. ProVise Management Group LLC now owns 424,056 shares of the cable giant’s stock valued at $18,383,000 after purchasing an additional 19,974 shares during the period. Wilkins Investment Counsel Inc. grew its holdings in Comcast by 90.8% during the first quarter. Wilkins Investment Counsel Inc. now owns 48,616 shares of the cable giant’s stock valued at $2,108,000 after purchasing an additional 23,133 shares during the period. Kingsview Wealth Management LLC grew its holdings in Comcast by 6.6% during the first quarter. Kingsview Wealth Management LLC now owns 304,035 shares of the cable giant’s stock valued at $13,180,000 after purchasing an additional 18,802 shares during the period. TBH Global Asset Management LLC grew its holdings in Comcast by 6.6% during the first quarter. TBH Global Asset Management LLC now owns 14,763 shares of the cable giant’s stock valued at $640,000 after purchasing an additional 918 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Comcast by 17.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,103,376 shares of the cable giant’s stock valued at $221,231,000 after purchasing an additional 751,245 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock traded down $0.06 on Friday, hitting $40.08. The company’s stock had a trading volume of 19,303,717 shares, compared to its average volume of 20,402,322. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The stock’s 50 day moving average is $38.58 and its 200-day moving average is $40.85. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a market capitalization of $157.26 billion, a PE ratio of 10.59, a PEG ratio of 1.01 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data 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. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Equities research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.09%. Comcast’s dividend payout ratio (DPR) is currently 32.80%.

Insider Transactions at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were 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 in the company, valued at approximately $6,380,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Wells Fargo & Company reduced their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Citigroup reduced their price target on shares of Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a report on Monday, April 29th. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $48.53.

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.