Comcast Co. (NASDAQ:CMCSA) Stock Position Reduced by Endurance Wealth Management Inc.

Endurance Wealth Management Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 342,701 shares of the cable giant’s stock after selling 6,225 shares during the quarter. Comcast comprises approximately 2.3% of Endurance Wealth Management Inc.’s holdings, making the stock its 10th largest holding. Endurance Wealth Management Inc.’s holdings in Comcast were worth $11,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CMCSA. Norges Bank bought a new stake in shares of Comcast in the 4th quarter worth about $2,140,195,000. Capital International Investors increased its holdings in shares of Comcast by 30.9% in the 4th quarter. Capital International Investors now owns 134,005,521 shares of the cable giant’s stock worth $6,026,230,000 after buying an additional 31,604,388 shares during the last quarter. Parnassus Investments CA increased its holdings in shares of Comcast by 128.9% in the 1st quarter. Parnassus Investments CA now owns 21,254,365 shares of the cable giant’s stock worth $730,725,000 after buying an additional 11,968,000 shares during the last quarter. Capital World Investors increased its holdings in shares of Comcast by 5.7% in the 4th quarter. Capital World Investors now owns 89,091,727 shares of the cable giant’s stock worth $4,006,456,000 after buying an additional 4,822,230 shares during the last quarter. Finally, M&G Investment Management Ltd. bought a new stake in shares of Comcast in the 4th quarter worth about $169,146,000. Institutional investors and hedge funds own 82.12% of the company’s stock.

In related news, CAO Daniel C. Murdock sold 919 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $37.53, for a total transaction of $34,490.07. Following the completion of the sale, the chief accounting officer now owns 2,654 shares of the company’s stock, valued at $99,604.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Daniel C. Murdock sold 1,038 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $36.55, for a total transaction of $37,938.90. Following the sale, the chief accounting officer now directly owns 4,229 shares of the company’s stock, valued at approximately $154,569.95. The disclosure for this sale can be found here. Insiders sold a total of 204,739 shares of company stock valued at $7,585,502 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.

Comcast stock traded down $0.21 during trading hours on Friday, hitting $38.74. The company had a trading volume of 12,152,748 shares, compared to its average volume of 22,282,096. The firm has a market cap of $177.34 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.60 and a beta of 0.95. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.87 and a current ratio of 0.87. Comcast Co. has a 1 year low of $31.70 and a 1 year high of $47.74. The company has a 50-day moving average price of $36.75 and a two-hundred day moving average price of $41.57.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 30th. The cable giant reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. Comcast had a net margin of 10.72% and a return on equity of 17.56%. The firm had revenue of $26.61 billion during the quarter, compared to analysts’ expectations of $26.71 billion. During the same quarter in the prior year, the company earned $0.76 EPS. The company’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Comcast Co. will post 2.58 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 1st will be given a $0.23 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.92 annualized dividend and a dividend yield of 2.37%. Comcast’s payout ratio is presently 29.39%.

A number of analysts have recently weighed in on CMCSA shares. KeyCorp reduced their target price on shares of Comcast from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Thursday, March 12th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, March 13th. TD Securities cut their price target on shares of Comcast from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Raymond James downgraded shares of Comcast from an “outperform” rating to a “market perform” rating in a report on Monday, March 16th. Finally, Credit Suisse Group cut their price target on shares of Comcast from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, March 27th. Eleven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Comcast currently has an average rating of “Buy” and a consensus target price of $48.19.

Comcast Company 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.

See Also: Asset Allocation

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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