Global Retirement Partners LLC Has $2.17 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Global Retirement Partners LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,842 shares of the cable giant’s stock after acquiring an additional 721 shares during the quarter. Global Retirement Partners LLC’s holdings in Comcast were worth $2,171,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Winch Advisory Services LLC increased its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the fourth quarter valued at about $28,000. Safe Harbor Fiduciary LLC bought a new stake in Comcast in the third quarter valued at about $30,000. Finally, Dunhill Financial LLC increased its holdings in Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Stock Performance

CMCSA opened at $36.41 on Friday. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The stock has a market cap of $137.67 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.78 and a beta of 1.00. The business has a 50 day moving average of $36.65 and a 200-day moving average of $39.60. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Nine equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.13.

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.