Comcast Co. (NASDAQ:CMCSA) Shares Sold by First Heartland Consultants Inc.

Posted by Defense World Staff on Mar 24th, 2023

First Heartland Consultants Inc. trimmed its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 24.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,510 shares of the cable giant’s stock after selling 2,398 shares during the quarter. First Heartland Consultants Inc.’s holdings in Comcast were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CMCSA. Mach 1 Financial Group LLC acquired a new position in shares of Comcast in the 3rd quarter valued at $31,000. Cowa LLC acquired a new position in Comcast in the 3rd quarter valued at $36,000. Piershale Financial Group Inc. acquired a new position in Comcast in the 4th quarter valued at $37,000. TD Capital Management LLC acquired a new position in Comcast in the 3rd quarter valued at $38,000. Finally, Bellwether Advisors LLC increased its stake in Comcast by 33.3% in the 3rd quarter. Bellwether Advisors LLC now owns 1,368 shares of the cable giant’s stock valued at $40,000 after buying an additional 342 shares during the period. 82.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CMCSA. TD Securities dropped their price objective on shares of Comcast from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, January 27th. JPMorgan Chase & Co. upped their price target on shares of Comcast from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Pivotal Research upped their price target on shares of Comcast from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Truist Financial raised shares of Comcast from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, January 5th. Finally, Barclays upped their price target on shares of Comcast from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Comcast has a consensus rating of “Hold” and an average price target of $44.29.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 37,176 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $2.03, for a total transaction of $75,467.28. Following the completion of the sale, the insider now owns 19,507,693 shares of the company’s stock, valued at approximately $39,600,616.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 7,527,791 shares of company stock valued at $19,025,007. 1.11% of the stock is currently owned by corporate insiders.

Comcast Trading Down 0.6 %

NASDAQ CMCSA opened at $35.97 on Friday. Comcast Co. has a 12 month low of $28.39 and a 12 month high of $48.42. The company has a 50-day moving average of $38.05 and a 200-day moving average of $35.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market cap of $151.65 billion, a P/E ratio of 30.23, a P/E/G ratio of 0.77 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Comcast had a net margin of 4.42% and a return on equity of 18.40%. The company had revenue of $30.55 billion during the quarter, compared to the consensus estimate of $30.36 billion. During the same quarter in the prior year, the company posted $0.77 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, equities analysts predict that Comcast Co. will post 3.64 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Tuesday, April 4th. This is an increase from Comcast’s previous quarterly dividend of $0.27. Comcast’s dividend payout ratio is 97.48%.

Comcast Company Profile

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.