Regent Investment Management LLC Has $2.38 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Regent Investment Management LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,857 shares of the cable giant’s stock after acquiring an additional 525 shares during the quarter. Regent Investment Management LLC’s holdings in Comcast were worth $2,383,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC bought a new position in Comcast during the second quarter worth about $25,000. Evolution Wealth Advisors LLC bought a new position in Comcast during the second quarter worth about $26,000. Mackey Komara & Dankovich LLC boosted its holdings in shares of Comcast by 52.2% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,032 shares of the cable giant’s stock worth $29,000 after acquiring an additional 354 shares during the period. Bray Capital Advisors bought a new stake in shares of Comcast during the second quarter worth approximately $30,000. Finally, Litman Gregory Asset Management LLC bought a new stake in shares of Comcast during the second quarter worth approximately $31,000. 82.82% of the stock is currently owned by institutional investors and hedge funds.

In other Comcast news, Director Kenneth J. Bacon sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $45.03, for a total transaction of $180,120.00. Following the completion of the transaction, the director now directly owns 29,603 shares in the company, valued at $1,333,023.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Daniel C. Murdock sold 848 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $44.23, for a total transaction of $37,507.04. Following the transaction, the senior vice president now owns 3,419 shares of the company’s stock, valued at $151,222.37. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Bank of America set a $58.00 price objective on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. Oppenheimer upgraded Comcast from a “market perform” rating to an “outperform” rating and set a $54.00 price objective for the company in a report on Thursday, September 5th. ValuEngine cut Comcast from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Benchmark assumed coverage on Comcast in a report on Wednesday, September 25th. They set a “buy” rating and a $64.00 price objective for the company. Finally, Cfra set a $50.00 price objective on Comcast and gave the stock a “buy” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $49.06.

Shares of CMCSA stock traded down $0.34 during trading on Friday, hitting $45.59. The company had a trading volume of 7,826,557 shares, compared to its average volume of 15,994,622. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $207.57 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.25 and a beta of 1.08. The stock’s 50-day moving average price is $45.40 and its 200 day moving average price is $43.36. Comcast Co. has a one year low of $32.61 and a one year high of $47.27.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, July 25th. The cable giant reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.03. The business had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.08 billion. Comcast had a return on equity of 17.50% and a net margin of 11.64%. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. On average, research analysts anticipate that Comcast Co. will post 3.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, October 1st. Comcast’s dividend payout ratio (DPR) is currently 32.94%.

About Comcast

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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