Catamount Wealth Management acquired a new stake in Comcast Co. (NASDAQ:CMCSA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,290 shares of the cable giant’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. South Dakota Investment Council boosted its stake in shares of Comcast by 12.5% in the 1st quarter. South Dakota Investment Council now owns 991,730 shares of the cable giant’s stock valued at $39,649,000 after purchasing an additional 109,920 shares during the last quarter. Independence Advisors LLC boosted its stake in shares of Comcast by 28.5% in the 1st quarter. Independence Advisors LLC now owns 10,840 shares of the cable giant’s stock valued at $433,000 after purchasing an additional 2,405 shares during the last quarter. Smith Salley & Associates boosted its stake in shares of Comcast by 9.6% in the 1st quarter. Smith Salley & Associates now owns 8,228 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 723 shares during the last quarter. Palladium Partners LLC boosted its stake in shares of Comcast by 2.5% in the 1st quarter. Palladium Partners LLC now owns 377,209 shares of the cable giant’s stock valued at $15,081,000 after purchasing an additional 9,063 shares during the last quarter. Finally, Lafayette Investments Inc. bought a new position in shares of Comcast in the 1st quarter valued at about $214,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.

Shares of CMCSA opened at $41.45 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.73 and a current ratio of 0.73. Comcast Co. has a twelve month low of $30.99 and a twelve month high of $43.96. The company has a market capitalization of $187.08 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.15 and a beta of 1.12.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.08. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm had revenue of $26.86 billion for the quarter, compared to analyst estimates of $27.27 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 3.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, July 2nd. Comcast’s payout ratio is currently 32.94%.

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

Several research analysts recently weighed in on CMCSA shares. KeyCorp lifted their price objective on shares of Comcast from $43.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Barclays lifted their price objective on shares of Comcast from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Raymond James lifted their price objective on shares of Comcast from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. BidaskClub raised shares of Comcast from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, Morgan Stanley lifted their price objective on shares of Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Eight equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $44.72.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://theolympiareport.com/2019/06/13/catamount-wealth-management-acquires-shares-of-1290-comcast-co-nasdaqcmcsa.html.

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.

Further Reading: How to track put option volume

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.