Brookstone Capital Management Buys 14,128 Shares of Comcast Co. (NASDAQ:CMCSA)

Brookstone Capital Management grew its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 212,982 shares of the cable giant's stock after buying an additional 14,128 shares during the period. Brookstone Capital Management's holdings in Comcast were worth $7,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in shares of Comcast during the second quarter valued at approximately $26,000. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter valued at approximately $30,000. Iron Horse Wealth Management LLC increased its stake in Comcast by 220.3% during the 3rd 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 during the period. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CMCSA shares. KeyCorp upped their target price on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Morgan Stanley cut shares of Comcast from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Comcast presently has an average rating of "Moderate Buy" and an average target price of $47.33.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value 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 $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction 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 sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Comcast Trading Down 0.2 %

CMCSA stock traded down $0.07 during midday trading on Tuesday, reaching $36.38. The company's stock had a trading volume of 25,093,897 shares, compared to its average volume of 24,639,182. The business's 50-day simple moving average is $40.57 and its 200-day simple moving average is $40.25. The stock has a market cap of $139.21 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. 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 (NASDAQ:CMCSA - Get Free Report) last announced 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast's dividend payout ratio is currently 33.33%.

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.