AXS Investments LLC Acquires 3,202 Shares of Comcast Co. (NASDAQ:CMCSA)

AXS Investments LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,813 shares of the cable giant’s stock after acquiring an additional 3,202 shares during the period. AXS Investments LLC’s holdings in Comcast were worth $1,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Comcast in the fourth quarter valued at about $2,542,988,000. Envestnet Asset Management Inc. boosted its stake in shares of Comcast by 39.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after buying an additional 2,861,358 shares during the period. Assetmark Inc. grew its position in Comcast by 663.0% during the fourth quarter. Assetmark Inc. now owns 2,401,702 shares of the cable giant’s stock worth $105,315,000 after buying an additional 2,086,950 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in Comcast by 43.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after acquiring an additional 1,907,973 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of Comcast by 422.9% during the 4th quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after acquiring an additional 1,357,756 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, 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 filing with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Comcast Stock Down 0.4 %

Comcast stock traded down $0.14 during trading on Friday, hitting $38.54. 7,112,997 shares of the company were exchanged, compared to its average volume of 20,441,633. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The business’s 50 day moving average is $40.29 and its 200 day moving average is $42.07. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The company has a market capitalization of $151.22 billion, a P/E ratio of 10.14, a PEG ratio of 0.97 and a beta of 0.99.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.22%. Comcast’s payout ratio is currently 32.80%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a report on Monday, May 13th. Wells Fargo & Company reduced their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Evercore ISI restated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

About Comcast

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.