Wealthspire Advisors LLC Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Wealthspire Advisors LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 29.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,728 shares of the cable giant’s stock after buying an additional 14,696 shares during the quarter. Wealthspire Advisors LLC’s holdings in Comcast were worth $2,429,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Taurus Asset Management LLC boosted its stake in Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the period. Abich Financial Wealth Management LLC raised its holdings in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after buying an additional 260 shares during the last quarter. Arvest Investments Inc. raised its holdings in shares of Comcast by 1.0% during the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after buying an additional 268 shares during the last quarter. McIlrath & Eck LLC raised its holdings in shares of Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after buying an additional 282 shares during the last quarter. Finally, Mengis Capital Management Inc. raised its holdings in shares of Comcast by 1.5% during the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CMCSA shares. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Loop Capital dropped their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. The Goldman Sachs Group dropped their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on 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 transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. 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 on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction 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 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 Trading Down 0.4 %

NASDAQ CMCSA opened at $36.26 on Monday. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The firm’s 50 day moving average price is $36.58 and its two-hundred day moving average price is $39.59.

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, topping 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 anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.64%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

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.