Victory Capital Management Inc. lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 647,541 shares of the cable giant’s stock after buying an additional 1,082 shares during the period. Victory Capital Management Inc.’s holdings in Comcast were worth $25,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group bought a new position in shares of Comcast in the 1st quarter valued at $25,000. Mackey Komara & Dankovich LLC bought a new position in shares of Comcast in the 1st quarter valued at $27,000. Acima Private Wealth LLC bought a new position in shares of Comcast in the 4th quarter valued at $25,000. Litman Gregory Asset Management LLC bought a new position in shares of Comcast in the 4th quarter valued at $30,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of Comcast in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.

NASDAQ CMCSA traded up $0.44 on Wednesday, reaching $41.66. The company had a trading volume of 975,788 shares, compared to its average volume of 18,944,006. The company has a market capitalization of $188.26 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.16 and a beta of 1.11. Comcast Co. has a fifty-two week low of $30.99 and a fifty-two week high of $43.96. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.38.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The firm had revenue of $26.86 billion during the quarter, compared to the consensus estimate of $27.27 billion. During the same period last year, the business posted $0.66 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. Research analysts expect that Comcast Co. will post 3.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 dividend on an annualized basis and a yield of 2.02%. Comcast’s payout ratio is currently 32.94%.

A number of research analysts have recently commented on CMCSA shares. TD Securities increased their price target on Comcast from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Macquarie upgraded Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 price target for the company in a research note on Tuesday, April 9th. Raymond James increased their price objective on Comcast from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Barclays increased their price objective on Comcast from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, KeyCorp increased their price objective on Comcast from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.72.

In other Comcast news, SVP Daniel C. Murdock sold 1,038 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total transaction of $43,596.00. Following the completion of the sale, the senior vice president now directly owns 3,707 shares in the company, valued at approximately $155,694. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 1,967 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.23, for a total value of $79,132.41. Following the sale, the executive vice president now owns 62,088 shares of the company’s stock, valued at $2,497,800.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 849,537 shares of company stock valued at $35,489,480. Company insiders own 1.35% of the company’s stock.

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Comcast 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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