Capital Insight Partners LLC Has $1.97 Million Holdings in Comcast Co. (CMCSA)
Capital Insight Partners LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 38.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 49,205 shares of the cable giant’s stock after acquiring an additional 13,726 shares during the quarter. Comcast comprises approximately 1.8% of Capital Insight Partners LLC’s holdings, making the stock its 19th largest position. Capital Insight Partners LLC’s holdings in Comcast were worth $1,967,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Acima Private Wealth LLC bought a new stake in shares of Comcast in the 4th quarter worth $25,000. Litman Gregory Asset Management LLC bought a new stake in shares of Comcast in the 4th quarter worth $30,000. Ironwood Financial llc bought a new stake in shares of Comcast in the 4th quarter worth $32,000. IMS Capital Management bought a new stake in shares of Comcast in the 3rd quarter worth $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of Comcast during the fourth quarter worth $46,000. Institutional investors own 81.15% of the company’s stock.
NASDAQ:CMCSA opened at $42.00 on Tuesday. The firm has a market cap of $195.07 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. Comcast Co. has a 1-year low of $30.43 and a 1-year high of $42.83. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.00%. This is a positive change from Comcast’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is presently 32.94%.
In other Comcast news, EVP David L. Cohen sold 4,468 shares of the business’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total value of $187,656.00. Following the transaction, the executive vice president now owns 269,558 shares in the company, valued at $11,321,436. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel C. Murdock sold 919 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $40.36, for a total value of $37,090.84. Following the completion of the transaction, the chief accounting officer now owns 3,453 shares in the company, valued at approximately $139,363.08. The disclosure for this sale can be found here. Insiders have sold 1,290,226 shares of company stock worth $49,311,328 over the last three months. 1.31% of the stock is owned by insiders.
CMCSA has been the topic of a number of recent analyst reports. BidaskClub raised Comcast from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. ValuEngine raised Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Macquarie reaffirmed a “hold” rating and set a $39.00 target price on shares of Comcast in a research report on Monday, December 24th. Royal Bank of Canada lowered Comcast from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $45.00 to $42.00 in a research report on Friday, March 29th. Finally, Nomura boosted their target price on Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Comcast presently has an average rating of “Buy” and a consensus price target of $44.45.
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Comcast Company Profile
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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