Diversify Wealth Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 72.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,821 shares of the cable giant's stock after buying an additional 35,704 shares during the quarter. Diversify Wealth Management LLC's holdings in Comcast were worth $3,084,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. World Investment Advisors LLC raised its position in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after buying an additional 229,192 shares during the last quarter. Tidal Investments LLC grew its stake in Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock valued at $7,161,000 after acquiring an additional 22,684 shares in the last quarter. Parnassus Investments LLC raised its holdings in Comcast by 3.7% in the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock valued at $80,232,000 after acquiring an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock worth $92,331,000 after purchasing 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 worth approximately $2,541,000. Hedge funds and other institutional investors own 84.32% of the company's stock.
Insider Buying and Selling
In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company'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 in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms recently commented on CMCSA. Loop Capital cut their price target on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, January 2nd. StockNews.com raised Comcast from a "buy" rating to a "strong-buy" rating in a research note on Friday. Pivotal Research boosted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. TD Cowen cut their price objective on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued 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 $47.33.
Get Our Latest Analysis on CMCSA
Comcast Stock Up 0.7 %
Shares of Comcast stock traded up $0.27 during trading hours on Monday, hitting $36.58. The company had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. The company's 50-day moving average is $39.97 and its two-hundred day moving average is $40.19. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. 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 company has a market cap of $139.97 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.
Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.
Comcast Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.39%. Comcast's dividend payout ratio (DPR) is 33.33%.
Comcast Profile
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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.
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