Chemistry Wealth Management LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Chemistry Wealth Management LLC acquired a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,572 shares of the cable giant's stock, valued at approximately $397,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock worth $10,632,000 after purchasing an additional 229,192 shares in the last quarter. Tidal Investments LLC lifted its holdings in Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock worth $7,161,000 after buying an additional 22,684 shares during the last quarter. Parnassus Investments LLC increased its holdings in shares of Comcast by 3.7% in the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock valued at $80,232,000 after acquiring an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC raised its position in shares of Comcast by 0.7% during the 3rd 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 in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Comcast in the third quarter valued at approximately $2,541,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on CMCSA shares. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a research report on Friday. Morgan Stanley downgraded Comcast from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Macquarie reissued a "neutral" rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Finally, Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $47.33.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the 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 transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This trade represents 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 Trading Up 0.7 %

Shares of Comcast stock traded up $0.27 during trading hours 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 firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50 day simple moving average of $39.97 and a two-hundred day simple moving average of $40.16.

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

Comcast Announces Dividend

The business 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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is presently 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.