Hager Investment Management Services LLC Purchases Shares of 9,182 Comcast Co. (NASDAQ:CMCSA)

Hager Investment Management Services LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,182 shares of the cable giant's stock, valued at approximately $345,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth about $30,000. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC increased its holdings in Comcast by 220.3% in the third 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 during the last quarter. Finally, Dunhill Financial LLC boosted its stake in 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 acquiring an additional 288 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Stock Up 1.2 %

NASDAQ:CMCSA traded up $0.39 during trading hours on Wednesday, reaching $33.94. The company had a trading volume of 33,488,573 shares, compared to its average volume of 27,844,033. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The firm has a market cap of $129.87 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.23 and a beta of 1.00. The business's 50-day simple moving average is $38.22 and its two-hundred day simple moving average is $39.97. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts expect that Comcast Co. will post 4.4 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. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.89%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio is 29.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. KeyCorp boosted 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. Morgan Stanley lowered their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. StockNews.com cut shares of Comcast from a "strong-buy" rating to a "buy" rating in a report on Monday. JPMorgan Chase & Co. dropped their price target on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. The trade was 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 insiders.

About Comcast

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.