Strategic Financial Concepts LLC Invests $1.65 Million in Comcast Co. (NASDAQ:CMCSA)

Strategic Financial Concepts LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,071 shares of the cable giant's stock, valued at approximately $1,654,000.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Wilmington Savings Fund Society FSB raised its holdings in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock valued at $345,565,000 after buying an additional 8,258,128 shares during the period. FMR LLC raised its holdings in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant's stock valued at $143,242,000 after buying an additional 2,885,370 shares during the period. National Bank of Canada FI raised its holdings in shares of Comcast by 31.7% during the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant's stock valued at $318,036,000 after buying an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant's stock valued at $1,268,310,000 after buying an additional 1,717,762 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.16 during midday trading on Friday, reaching $36.26. 21,402,835 shares of the company traded hands, compared to its average volume of 26,761,117. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The firm has a market capitalization of $137.08 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a fifty day moving average price of $36.58 and a 200 day moving average price of $39.58.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 29.88%.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction on 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 owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CMCSA shares. Bank of America downgraded Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Barclays dropped their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, 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. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and a consensus price target of $44.13.

Comcast Company 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.