Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Highland Capital Management LLC

Highland Capital Management LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 235,503 shares of the cable giant’s stock after purchasing an additional 2,711 shares during the quarter. Highland Capital Management LLC’s holdings in Comcast were worth $10,327,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. NewSquare Capital LLC grew its position in shares of Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast in the 4th quarter worth approximately $29,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Comcast in the 3rd quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Comcast by 205.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock worth $38,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research analyst reports. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Citigroup increased their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.68.

Comcast Price Performance

Shares of Comcast stock opened at $43.07 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a fifty-two week low of $36.35 and a fifty-two week high of $47.46. The firm has a fifty day moving average price of $43.08 and a two-hundred day moving average price of $43.22. The company has a market cap of $171.07 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. Analysts expect that Comcast Co. will post 4.3 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is presently 31.18%.

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.