Sendero Wealth Management LLC Has $1.59 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Sendero Wealth Management LLC raised its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 49.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,257 shares of the cable giant's stock after purchasing an additional 13,962 shares during the period. Sendero Wealth Management LLC's holdings in Comcast were worth $1,586,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CMCSA. World Investment Advisors LLC increased its position in shares of Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Tidal Investments LLC increased its holdings in Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock worth $7,161,000 after purchasing an additional 22,684 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of 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 purchasing an additional 68,139 shares during the period. Douglas Lane & Associates LLC lifted its holdings in shares of Comcast by 0.7% in the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant's stock valued at $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 third quarter worth about $2,541,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company'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 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 approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred 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 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. Insiders own 1.26% of the company's stock.

Comcast Stock Performance

Comcast stock traded down $0.19 during mid-day trading on Thursday, hitting $36.31. 21,087,977 shares of the company's stock traded hands, compared to its average volume of 24,047,707. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The stock has a market cap of $138.94 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 1.33 and a beta of 1.01. The firm has a 50 day simple moving average of $40.27 and a two-hundred day simple moving average of $40.20. 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 announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. On average, research analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.42%. Comcast's payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Morgan Stanley lowered Comcast from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Loop Capital lowered their price target on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Thursday, January 2nd. Finally, TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, November 1st. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $47.33.

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.