Comcast Co. (NASDAQ:CMCSA) Shares Bought by Unigestion Holding SA

Unigestion Holding SA raised its position in Comcast Co. (NASDAQ:CMCSA) by 89.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 209,098 shares of the cable giant’s stock after acquiring an additional 98,481 shares during the period. Unigestion Holding SA’s holdings in Comcast were worth $8,734,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast in the second quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the 3rd quarter valued at $30,000. McClarren Financial Advisors Inc. lifted its stake in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA opened at $39.53 on Wednesday. The firm has a fifty day moving average of $42.42 and a 200-day moving average of $40.31. The company has a market cap of $151.26 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, TD Cowen dropped their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $47.19.

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.