Nicholson Wealth Management Group LLC Acquires 23,288 Shares of Comcast Co. (NASDAQ:CMCSA)

Nicholson Wealth Management Group LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 144.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,451 shares of the cable giant's stock after purchasing an additional 23,288 shares during the period. Nicholson Wealth Management Group LLC's holdings in Comcast were worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Taurus Asset Management LLC raised its holdings in Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after buying an additional 253 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock worth $243,000 after buying an additional 260 shares during the last quarter. Arvest Investments Inc. raised its holdings in Comcast by 1.0% during the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant's stock worth $1,137,000 after buying an additional 268 shares during the last quarter. McIlrath & Eck LLC raised its holdings in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after buying an additional 282 shares during the last quarter. Finally, Mengis Capital Management Inc. raised its holdings in Comcast by 1.5% during the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant's stock worth $796,000 after buying an additional 283 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CMCSA. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Scotiabank downgraded shares of Comcast from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Rosenblatt Securities lowered their target price on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 1st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $44.13.

Insider Activity

In related 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 sale, the chief executive officer now directly owns 6,669,928 shares of the company's stock, 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 document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $36.41 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $137.67 billion, a PE ratio of 8.77, a P/E/G ratio of 1.78 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a 50-day moving average price of $36.65 and a two-hundred day moving average price of $39.60.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts forecast that Comcast Co. will post 4.33 EPS 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 given a $0.33 dividend. This is a positive change from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is 29.88%.

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.

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