Alliance Wealth Advisors LLC Acquires 1,332 Shares of Comcast Co. (NASDAQ:CMCSA)

Alliance Wealth Advisors LLC boosted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,159 shares of the cable giant’s stock after purchasing an additional 1,332 shares during the quarter. Comcast comprises 0.8% of Alliance Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Alliance Wealth Advisors LLC’s holdings in Comcast were worth $1,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. AMF Tjanstepension AB boosted its holdings in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Comcast by 5.6% in the third quarter. Pinnacle Bancorp Inc. now owns 6,875 shares of the cable giant’s stock valued at $287,000 after acquiring an additional 362 shares during the last quarter. Fermata Advisors LLC raised its holdings in shares of Comcast by 6.0% in the third quarter. Fermata Advisors LLC now owns 7,558 shares of the cable giant’s stock valued at $316,000 after buying an additional 431 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Comcast by 38.9% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 222,018 shares of the cable giant’s stock worth $9,274,000 after purchasing an additional 62,209 shares during the period. Finally, Wynn Capital LLC raised its position in Comcast by 3.2% during the 3rd quarter. Wynn Capital LLC now owns 34,800 shares of the cable giant’s stock worth $1,454,000 after buying an additional 1,065 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on CMCSA shares. KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Loop Capital lowered their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average target price of $44.13.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.37 on Friday. The company has a 50-day moving average price of $37.71 and a two-hundred day moving average price of $39.86. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $129.95 billion, a PE ratio of 8.28, a P/E/G ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is 29.88%.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated 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 sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Company 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.