OneAscent Wealth Management LLC Buys 774 Shares of Comcast Co. (NASDAQ:CMCSA)

OneAscent Wealth Management LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 7.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 11,646 shares of the cable giant’s stock after buying an additional 774 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Comcast were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealthspire Advisors LLC raised its holdings in Comcast by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock valued at $2,659,000 after acquiring an additional 2,781 shares in the last quarter. Everett Harris & Co. CA increased its stake in shares of Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after purchasing an additional 121,279 shares during the last quarter. Desjardins Global Asset Management Inc. raised its holdings in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in Comcast in the fourth quarter valued at about $2,056,000. Finally, Axxcess Wealth Management LLC grew its position in Comcast by 10.5% in the fourth quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock valued at $5,065,000 after acquiring an additional 10,936 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMCSA shares. Wells Fargo & Company cut their target price 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. BNP Paribas cut Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price target for the company. in a research note on Tuesday, June 11th. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Benchmark restated a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.62.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of Comcast 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 sale, the insider now directly owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

Comcast Stock Performance

CMCSA stock traded up $0.88 during midday trading on Friday, reaching $39.16. 38,288,913 shares of the company’s stock traded hands, compared to its average volume of 19,560,456. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a 50-day moving average price of $38.71 and a two-hundred day moving average price of $41.39. 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 firm has a market capitalization of $153.65 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same period last year, the business earned $0.92 earnings per share. Comcast’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts anticipate that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. Comcast’s dividend payout ratio is presently 32.80%.

Comcast Company 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.