Comcast Co. (NASDAQ:CMCSA) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC raised its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 53.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,627 shares of the cable giant's stock after purchasing an additional 23,114 shares during the quarter. Merit Financial Group LLC's holdings in Comcast were worth $2,501,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Wilmington Savings Fund Society FSB grew its stake in Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant's stock worth $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. FMR LLC grew its stake in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant's stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. AQR Capital Management LLC increased its holdings in Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant's stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the period. Public Sector Pension Investment Board raised its position in Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant's stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. Finally, Darsana Capital Partners LP lifted its holdings in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant's stock worth $372,020,000 after buying an additional 2,000,000 shares during the period. Institutional investors own 84.32% of the company's stock.

Insider Buying and Selling at Comcast

In other Comcast 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 transaction, the president now directly 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 SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was 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 directly owns 6,669,928 shares in the company, valued at $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.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CMCSA shares. Scotiabank upgraded Comcast from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Evercore ISI raised shares of Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.33.

Comcast Trading Up 0.7 %

Shares of CMCSA traded up $0.27 during mid-day trading on Monday, reaching $36.58. The stock had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. The business's fifty day moving average is $39.97 and its 200 day moving average is $40.19. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS. On average, sell-side analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.39%. Comcast's dividend payout ratio (DPR) is currently 33.33%.

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.