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Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Boston Common Asset Management LLC

Comcast logo with Consumer Discretionary background

Boston Common Asset Management LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,942 shares of the cable giant's stock after buying an additional 39,136 shares during the quarter. Boston Common Asset Management LLC's holdings in Comcast were worth $5,965,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in Comcast during the second quarter valued at about $26,000. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% in the 4th 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. McClarren Financial Advisors Inc. boosted its stake in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the 3rd quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after buying an additional 522 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the company'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 value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents 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 at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following 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 disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.27 on Friday, reaching $36.58. 21,859,674 shares of the stock were exchanged, compared to its average volume of 18,748,178. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The business has a 50 day moving average price of $39.97 and a two-hundred day moving average price of $40.16. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. Analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast's dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Macquarie reissued a "neutral" rating and issued a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.

Read Our Latest Analysis on Comcast

Comcast Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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