KMG Fiduciary Partners LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

KMG Fiduciary Partners LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,882 shares of the cable giant's stock, valued at approximately $1,422,000.

A number of other large investors have also recently made changes to their positions in CMCSA. World Investment Advisors LLC increased its stake in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock worth $10,632,000 after acquiring an additional 229,192 shares during the period. Tidal Investments LLC lifted its holdings in shares of Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock valued at $7,161,000 after buying an additional 22,684 shares during the period. Parnassus Investments LLC boosted its stake in shares of Comcast by 3.7% in the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock worth $80,232,000 after buying an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC grew its holdings in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock worth $92,331,000 after acquiring an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Comcast in the third quarter valued at approximately $2,541,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred on 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 directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CMCSA shares. Wells Fargo & Company cut their price objective on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.33.

Comcast Trading Up 0.7 %

Shares of NASDAQ CMCSA traded up $0.27 during trading on Friday, reaching $36.58. The stock had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $139.97 billion, a P/E ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The business's 50-day moving average price is $39.97 and its 200-day moving average price is $40.16.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.08 EPS. On average, equities research analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio (DPR) is presently 33.33%.

Comcast Profile

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.