Crossmark Global Holdings Inc. Raises Stock Position in Comcast Co. (NASDAQ:CMCSA)

Crossmark Global Holdings Inc. boosted its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 535,622 shares of the cable giant's stock after acquiring an additional 14,230 shares during the period. Crossmark Global Holdings Inc.'s holdings in Comcast were worth $20,102,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in Comcast during the 2nd quarter valued at approximately $26,000. Winch Advisory Services LLC lifted its position 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 acquiring an additional 502 shares during the period. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% during the third 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 last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC increased its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after buying an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Trading Up 1.1 %

Shares of Comcast stock traded up $0.39 on Tuesday, reaching $36.97. The company had a trading volume of 21,094,228 shares, compared to its average volume of 23,636,379. The firm has a market cap of $141.47 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.01. 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 firm's 50-day moving average price is $39.81 and its two-hundred day moving average price is $40.18. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results 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 firm had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share. As a group, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.35%. Comcast's dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CMCSA. Benchmark restated a "buy" rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Morgan Stanley cut Comcast from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Wells Fargo & Company dropped their price target on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. Finally, StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.33.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm'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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction 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 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 position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.