By otakuyassine3@gmail.com 
Breakwater Capital Group grew its stake in Comcast Co. (NASDAQ:CMCSA – Free Report) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,489 shares of the cable giant’s stock after purchasing an additional 1,800 shares during the period. Breakwater Capital Group’s holdings in Comcast were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new stake in shares of Comcast during the second quarter worth $26,000. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the 3rd quarter worth about $30,000. McClarren Financial Advisors Inc. raised its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake 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 buying an additional 522 shares during the period. Finally, Dunhill Financial LLC increased its stake in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
CMCSA has been the subject of a number of research reports. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. Wells Fargo & Company cut their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Macquarie reiterated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.33.
View Our Latest Stock Report on Comcast
Insider Activity at Comcast
In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were 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 directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.
Comcast Stock Up 0.2 %
NASDAQ CMCSA opened at $36.45 on Tuesday. Comcast Co. has a 1-year low of $36.24 and a 1-year high of $47.11. The company has a market capitalization of $139.48 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.50 and a beta of 1.01. The stock’s 50 day moving average is $40.57 and its two-hundred day moving average is $40.25. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.
Comcast (NASDAQ:CMCSA – Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the firm posted $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.
Comcast Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.
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.
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