Cumberland Partners Ltd Takes Position in Comcast Co. (NASDAQ:CMCSA)

Cumberland Partners Ltd bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,500 shares of the cable giant's stock, valued at approximately $1,032,000.

Several other institutional investors also recently bought and sold shares of CMCSA. Winch Advisory Services LLC boosted its holdings 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 during the period. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the fourth quarter valued at about $28,000. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the third quarter valued at about $30,000. Finally, Dunhill Financial LLC grew its position in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CMCSA shares. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Evercore ISI raised Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Finally, StockNews.com lowered shares of Comcast from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and an average target price of $44.13.

Comcast Price Performance

Shares of Comcast stock traded down $0.16 during midday trading on Friday, hitting $36.26. 21,402,835 shares of the company were exchanged, compared to its average volume of 26,761,117. The firm has a 50 day simple moving average of $36.65 and a 200-day simple moving average of $39.60. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $137.08 billion, a P/E ratio of 8.74, a PEG ratio of 1.79 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. Research analysts forecast 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. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. Comcast's dividend payout ratio (DPR) is presently 29.88%.

Insider Activity

In other 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 transaction of $1,087,620.83. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 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 approximately $284,539,128.48. This represents a 3.40 % 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 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.