HB Wealth Management LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,926 shares of the cable giant's stock after buying an additional 11,952 shares during the period. HB Wealth Management LLC's holdings in Comcast were worth $10,617,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. World Investment Advisors LLC grew its position in 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 in the last quarter. Tidal Investments LLC increased its position in Comcast by 15.2% during the third 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 raised its holdings in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock valued at $80,232,000 after buying an additional 68,139 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake 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 shares of Comcast during the 3rd quarter valued at about $2,541,000. 84.32% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Monday, November 4th. Seaport Res Ptn upgraded shares of Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $47.33.
Get Our Latest Stock Analysis on CMCSA
Comcast Trading Up 0.7 %
Shares of NASDAQ CMCSA traded up $0.27 during mid-day trading on Friday, hitting $36.58. The company's 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 current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company's fifty day simple moving average is $39.97 and its 200-day simple moving average is $40.18. Comcast Co. has a one year low of $36.15 and a one year high of $47.11.
Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 earnings per share. On average, sell-side analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.
Comcast Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. Comcast's payout ratio is 33.33%.
Insider Transactions at Comcast
In other news, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction dated 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 directly owns 6,669,928 shares of the company's stock, 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 at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.
About Comcast
(
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.
Further Reading
Before you consider Comcast, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Comcast wasn't on the list.
While Comcast currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
