Procyon Advisors LLC Has $5.62 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Procyon Advisors LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,239 shares of the cable giant’s stock after purchasing an additional 13,165 shares during the quarter. Procyon Advisors LLC’s holdings in Comcast were worth $5,623,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Capital Investment Advisors LLC boosted its holdings in Comcast by 0.7% in the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after acquiring an additional 238 shares during the last quarter. Ironwood Financial llc boosted its position in shares of Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 238 shares in the last quarter. Welch Group LLC increased its stake in Comcast by 4.4% in the third quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 239 shares in the last quarter. Boltwood Capital Management increased its position in Comcast by 1.5% in the 3rd quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock valued at $720,000 after buying an additional 240 shares in the last quarter. Finally, Tradewinds LLC. boosted its holdings in Comcast by 1.3% in the second quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after acquiring an additional 241 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.18% of the stock is currently owned by corporate insiders.

Comcast Trading Up 0.4 %

NASDAQ:CMCSA traded up $0.19 during midday trading on Thursday, hitting $43.26. The stock had a trading volume of 1,542,957 shares, compared to its average volume of 19,956,611. The stock has a 50-day moving average of $43.08 and a 200 day moving average of $43.22. The company has a market capitalization of $171.82 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.97 and a beta of 0.98. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, sell-side analysts forecast that Comcast Co. will post 4.3 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio is 31.18%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Citigroup increased their price target on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company increased their price objective on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, Evercore ISI reissued an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $49.68.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.