By otakuyassine3@gmail.com 
Avitas Wealth Management LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA – Free Report) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,490 shares of the cable giant’s stock after buying an additional 328 shares during the quarter. Avitas Wealth Management LLC’s holdings in Comcast were worth $2,195,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of CMCSA. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth about $30,000. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.
Insider Activity at Comcast
In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.
Comcast Stock Up 1.1 %
Shares of NASDAQ CMCSA opened at $33.55 on Wednesday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.38. The company has a market capitalization of $128.38 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.23 and a beta of 1.00. The company has a 50 day simple moving average of $38.41 and a 200-day simple moving average of $40.02. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.
Comcast (NASDAQ:CMCSA – Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts predict that Comcast Co. will post 4.4 earnings per share for the current year.
Comcast Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.93%. Comcast’s dividend payout ratio is presently 29.88%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the company. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Citigroup lowered their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.13.
Read Our Latest Research Report on CMCSA
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.
Further Reading
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