Graypoint LLC Buys 701 Shares of Comcast Co. (NASDAQ:CMCSA)

Graypoint LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,854 shares of the cable giant’s stock after purchasing an additional 701 shares during the quarter. Graypoint LLC’s holdings in Comcast were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in shares of Comcast in the second quarter worth about $26,000. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the 3rd quarter valued at approximately $30,000. McClarren Financial Advisors Inc. boosted its position in 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 acquiring an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC boosted its position in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Macquarie reaffirmed a “neutral” rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Barclays lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Trading Down 2.2 %

NASDAQ:CMCSA opened at $36.36 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.24 and a 12 month high of $47.11. The company has a market cap of $139.13 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a 50 day simple moving average of $40.69 and a two-hundred day simple moving average of $40.23.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.