Donaldson Capital Management LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 97.1% in the 4th quarter, HoldingsChannel reports. The fund owned 97,771 shares of the cable giant’s stock after purchasing an additional 48,158 shares during the period. Donaldson Capital Management LLC’s holdings in Comcast were worth $3,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lourd Capital LLC boosted its stake in shares of Comcast by 2.4% during the fourth quarter. Lourd Capital LLC now owns 12,842 shares of the cable giant’s stock worth $437,000 after buying an additional 295 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Comcast by 2.5% during the fourth quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after buying an additional 296 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Comcast by 4.8% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,542 shares of the cable giant’s stock worth $223,000 after buying an additional 300 shares during the period. Stillwater Investment Management LLC boosted its stake in shares of Comcast by 0.5% during the fourth quarter. Stillwater Investment Management LLC now owns 66,561 shares of the cable giant’s stock worth $2,266,000 after buying an additional 330 shares during the period. Finally, Aries Wealth Management boosted its stake in shares of Comcast by 2.3% during the fourth quarter. Aries Wealth Management now owns 14,725 shares of the cable giant’s stock worth $501,000 after buying an additional 330 shares during the period. Institutional investors own 80.18% of the company’s stock.

In other Comcast news, EVP David N. Watson sold 201,007 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $38.31, for a total value of $7,700,578.17. Following the completion of the transaction, the executive vice president now directly owns 817,992 shares of the company’s stock, valued at $31,337,273.52. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Arthur R. Block sold 4,129 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $33.80, for a total transaction of $139,560.20. Following the completion of the transaction, the executive vice president now directly owns 67,912 shares of the company’s stock, valued at $2,295,425.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 912,661 shares of company stock valued at $34,195,979. 1.31% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:CMCSA opened at $40.47 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $187.96 billion, a P/E ratio of 15.87, a PEG ratio of 1.19 and a beta of 1.10. Comcast Co. has a 52 week low of $30.43 and a 52 week high of $40.52.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm had revenue of $27.85 billion during the quarter, compared to the consensus estimate of $27.56 billion. During the same quarter last year, the firm earned $0.49 earnings per share. The firm’s revenue was up 26.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Comcast Co. will post 2.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 2.08%. Comcast’s dividend payout ratio (DPR) is 29.80%.

CMCSA has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of Comcast in a research note on Friday, December 7th. They set an “outperform” rating for the company. BidaskClub upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 17th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Macquarie restated a “hold” rating and issued a $39.00 price objective on shares of Comcast in a research report on Monday, December 24th. Finally, TD Securities raised their price objective on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.76.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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