Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Capital Insight Partners LLC

Capital Insight Partners LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 49,361 shares of the cable giant’s stock after purchasing an additional 249 shares during the period. Capital Insight Partners LLC’s holdings in Comcast were worth $2,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. AE Wealth Management LLC raised its position in shares of Comcast by 14.2% during the 3rd quarter. AE Wealth Management LLC now owns 119,016 shares of the cable giant’s stock worth $5,365,000 after purchasing an additional 14,843 shares during the last quarter. First Mercantile Trust Co. raised its position in shares of Comcast by 15.2% during the 3rd quarter. First Mercantile Trust Co. now owns 47,926 shares of the cable giant’s stock worth $2,161,000 after purchasing an additional 6,330 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Comcast by 3.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 25,452 shares of the cable giant’s stock worth $1,147,000 after purchasing an additional 772 shares during the last quarter. Baystate Wealth Management LLC raised its position in shares of Comcast by 19.7% during the 3rd quarter. Baystate Wealth Management LLC now owns 5,254 shares of the cable giant’s stock worth $237,000 after purchasing an additional 864 shares during the last quarter. Finally, Heritage Investors Management Corp raised its position in shares of Comcast by 6.3% during the 3rd quarter. Heritage Investors Management Corp now owns 291,755 shares of the cable giant’s stock worth $13,152,000 after purchasing an additional 17,344 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Several brokerages recently issued reports on CMCSA. UBS Group downgraded Comcast from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Friday. Morgan Stanley restated a “buy” rating and set a $53.00 price objective on shares of Comcast in a research report on Friday. Raymond James cut their price objective on Comcast from $52.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday. Credit Suisse Group restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, January 22nd. Finally, BidaskClub upgraded Comcast from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $52.09.

Shares of CMCSA stock traded down $0.26 on Monday, reaching $44.33. 12,533,279 shares of the stock were exchanged, compared to its average volume of 18,910,556. The stock has a market cap of $202.85 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 1.13 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 0.84 and a debt-to-equity ratio of 1.23. The firm has a 50 day moving average of $44.92 and a two-hundred day moving average of $44.63. Comcast Co. has a 1-year low of $34.67 and a 1-year high of $47.74.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 23rd. The cable giant reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. The business had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.18 billion. Comcast had a return on equity of 18.25% and a net margin of 11.98%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. On average, equities research analysts predict that Comcast Co. will post 3.27 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.23 dividend. The ex-dividend date is Tuesday, March 31st. This is a boost from Comcast’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.08%. Comcast’s dividend payout ratio (DPR) is 26.84%.

In other Comcast news, Director Sheldon M. Bonovitz sold 5,600 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $45.47, for a total value of $254,632.00. Following the completion of the sale, the director now owns 27,912 shares in the company, valued at approximately $1,269,158.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David N. Watson sold 78,100 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the completion of the sale, the executive vice president now owns 564,424 shares of the company’s stock, valued at approximately $24,648,396.08. The disclosure for this sale can be found here. Company insiders own 1.35% of the company’s stock.

Comcast 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, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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