Gateway Investment Advisers LLC Has $24.29 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Gateway Investment Advisers LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 647,264 shares of the cable giant's stock after selling 44,334 shares during the period. Gateway Investment Advisers LLC's holdings in Comcast were worth $24,292,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the second quarter valued at about $26,000. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. lifted its stake in shares of 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 acquiring an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC increased its stake in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after acquiring an additional 522 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Up 0.7 %

Shares of NASDAQ CMCSA traded up $0.27 during mid-day trading on Friday, reaching $36.58. The company had a trading volume of 21,859,639 shares, compared to its average volume of 23,850,363. The stock has a fifty day moving average of $40.11 and a two-hundred day moving average of $40.18. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company 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. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $31.78 billion. During the same quarter last year, the business posted $1.08 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

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. 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 (DPR) is presently 33.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on CMCSA. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Wells Fargo & Company cut their price target on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, Loop Capital lowered their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.33.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were 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 owns 534,849 shares of the company's stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the 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 sale, 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.