Kays Financial Advisory Corp ADV bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,614 shares of the cable giant’s stock, valued at approximately $225,000.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Comcast in the fourth quarter worth $1,590,157,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Comcast by 6,558.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,520,863 shares of the cable giant’s stock worth $984,000 after purchasing an additional 33,017,459 shares during the period. Geode Capital Management LLC increased its holdings in shares of Comcast by 10.4% in the fourth quarter. Geode Capital Management LLC now owns 63,699,503 shares of the cable giant’s stock worth $2,165,450,000 after purchasing an additional 5,992,911 shares during the period. FMR LLC increased its holdings in shares of Comcast by 3.9% in the fourth quarter. FMR LLC now owns 128,168,481 shares of the cable giant’s stock worth $4,364,136,000 after purchasing an additional 4,854,006 shares during the period. Finally, Sound Shore Management Inc. CT bought a new position in shares of Comcast in the fourth quarter worth $151,101,000. 81.61% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on CMCSA. BidaskClub upgraded shares of Comcast from a “hold” rating to a “buy” rating in a research report on Tuesday, May 14th. TD Securities upped their target price on shares of Comcast from $50.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Raymond James upped their target price on shares of Comcast from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Barclays upped their target price on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Morgan Stanley upped their target price on shares of Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.65.

NASDAQ CMCSA opened at $43.29 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38. Comcast Co. has a 12-month low of $30.67 and a 12-month high of $43.96. The stock has a market cap of $201.06 billion, a price-to-earnings ratio of 16.98, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The business had revenue of $26.86 billion during the quarter, compared to analyst estimates of $27.27 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. Sell-side analysts predict that Comcast Co. will post 2.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. The ex-dividend date is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a yield of 1.94%. Comcast’s payout ratio is 32.94%.

In other news, EVP David N. Watson sold 201,007 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the completion of the transaction, the executive vice president now directly owns 817,992 shares of the company’s stock, valued at $31,337,273.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Stephen B. Burke sold 457,633 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the transaction, the executive vice president now directly owns 1,078,189 shares of the company’s stock, valued at $46,739,493.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,050,544 shares of company stock valued at $43,190,058. Company insiders own 1.35% of the company’s stock.

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Comcast 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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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