Bfsg LLC Buys 73,590 Shares of Comcast Co. (NASDAQ:CMCSA)

Bfsg LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 752.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,366 shares of the cable giant's stock after acquiring an additional 73,590 shares during the quarter. Bfsg LLC's holdings in Comcast were worth $3,129,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in CMCSA. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the 3rd quarter valued at approximately $30,000. Roxbury Financial LLC bought a new stake in Comcast during the 4th quarter valued at approximately $27,000. McClarren Financial Advisors Inc. boosted its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after purchasing an additional 570 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in Comcast during the 4th quarter valued at approximately $28,000. Institutional investors own 84.32% of the company's stock.

Comcast Price Performance

CMCSA stock traded down $0.16 during midday trading on Friday, reaching $36.26. 21,402,835 shares of the company's stock traded hands, compared to its average volume of 26,761,117. The company has a 50-day simple moving average of $36.58 and a two-hundred day simple moving average of $39.58. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a market cap of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.79 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Increases Dividend

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

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company's stock, valued at $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.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. StockNews.com downgraded Comcast from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Pivotal Research raised their price objective on Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, BNP Paribas upgraded Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.13.

Comcast 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.