Strategic Investment Advisors MI lifted its position in Comcast Co. (NASDAQ:CMCSA) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,905 shares of the cable giant’s stock after purchasing an additional 1,677 shares during the quarter. Strategic Investment Advisors MI’s holdings in Comcast were worth $467,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CMCSA. Arlington Partners LLC purchased a new position in Comcast in the 4th quarter valued at $30,000. Planned Solutions Inc. acquired a new position in shares of Comcast during the 3rd quarter worth $32,000. Rockbridge Investment Management LCC acquired a new position in shares of Comcast during the 2nd quarter worth $29,000. MBM Wealth Consultants LLC raised its stake in shares of Comcast by 79.6% during the 3rd quarter. MBM Wealth Consultants LLC now owns 817 shares of the cable giant’s stock worth $38,000 after buying an additional 362 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. acquired a new position in Comcast in the 3rd quarter valued at about $41,000. 82.56% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on the stock. Benchmark upped their price objective on shares of Comcast from $54.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. They noted that the move was a valuation call. Barclays upped their price target on Comcast from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. TD Securities cut Comcast from a “buy” rating to a “hold” rating and set a $54.00 price target for the company. in a report on Wednesday, November 25th. Morgan Stanley reaffirmed a “top pick” rating and issued a $62.00 target price (up from $57.00) on shares of Comcast in a research report on Wednesday, December 16th. Finally, Credit Suisse Group upped their target price on Comcast from $50.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Comcast presently has a consensus rating of “Buy” and a consensus target price of $50.57.
Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 29th. The cable giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.14. Comcast had a return on equity of 15.45% and a net margin of 9.90%. The firm had revenue of $25.53 billion during the quarter, compared to the consensus estimate of $24.73 billion. During the same quarter in the prior year, the firm posted $0.79 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Equities research analysts predict that Comcast Co. will post 2.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 6th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Tuesday, January 5th. Comcast’s dividend payout ratio (DPR) is currently 29.39%.
In other Comcast news, CEO Jeff Shell sold 5,582 shares of the company’s stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $51.23, for a total transaction of $285,965.86. Following the completion of the transaction, the chief executive officer now owns 348,167 shares of the company’s stock, valued at approximately $17,836,595.41. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.14% of the company’s stock.
Comcast Company 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, wireless, and security and automation services to residential and business customers under the Xfinity brand; and advertising services.
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