Scissortail Wealth Management LLC Acquires 29,555 Shares of Comcast Co. (NASDAQ:CMCSA)

Scissortail Wealth Management LLC grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 32.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 120,177 shares of the cable giant’s stock after acquiring an additional 29,555 shares during the period. Comcast accounts for approximately 1.8% of Scissortail Wealth Management LLC’s holdings, making the stock its 18th largest holding. Scissortail Wealth Management LLC’s holdings in Comcast were worth $5,542,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CMCSA. Morgan Stanley boosted its holdings in Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after acquiring an additional 7,084,451 shares during the period. Norges Bank purchased a new stake in Comcast during the 4th quarter valued at about $1,798,173,000. Northern Trust Corp boosted its holdings in Comcast by 0.3% during the 3rd quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares during the period. Bank of New York Mellon Corp boosted its holdings in Comcast by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock valued at $1,245,022,000 after acquiring an additional 189,845 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in Comcast by 1.1% during the 1st quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock valued at $1,987,094,000 after acquiring an additional 473,150 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.18% of the company’s stock.

Comcast Stock Down 0.8 %

NASDAQ:CMCSA traded down $0.31 during trading hours on Tuesday, reaching $39.12. 18,926,754 shares of the company traded hands, compared to its average volume of 20,685,482. The business’s 50-day moving average price is $42.08 and its two-hundred day moving average price is $42.83. The stock has a market capitalization of $155.38 billion, a P/E ratio of 10.60, a P/E/G ratio of 0.96 and a beta of 0.98. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Analysts predict that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 3.17%. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 3rd. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

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.