Pines Wealth Management LLC Purchases Shares of 8,691 Comcast Co. (NASDAQ:CMCSA)

Pines Wealth Management LLC bought a new position in Comcast Co. (NASDAQ:CMCSA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,691 shares of the cable giant's stock, valued at approximately $316,000.

Other institutional investors have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in Comcast in the second quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter valued at about $30,000. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% during the 3rd 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 raised its stake in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC increased its position in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after buying an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company's stock.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $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 company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on CMCSA. Barclays increased their target price on shares of Comcast from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Benchmark restated a "buy" rating and issued a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Evercore ISI upgraded Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Finally, StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.

Comcast Stock Down 0.6 %

NASDAQ:CMCSA traded down $0.21 during trading hours on Thursday, hitting $36.30. 11,105,072 shares of the company's stock traded hands, compared to its average volume of 22,934,846. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The firm has a market cap of $138.88 billion, a P/E ratio of 9.76, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock's fifty day moving average price is $40.44 and its two-hundred day moving average price is $40.23.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. Comcast's dividend payout ratio is 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.