Comcast Co. (NASDAQ:CMCSA) Shares Sold by Parisi Gray Wealth Management

Parisi Gray Wealth Management reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 28,000 shares of the cable giant’s stock after selling 563 shares during the quarter. Parisi Gray Wealth Management’s holdings in Comcast were worth $1,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter valued at $26,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the third quarter valued at approximately $30,000. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of Comcast by 54.8% during 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 period. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CMCSA shares. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research report on Tuesday, November 19th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Wells Fargo & Company reduced their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Up 0.2 %

CMCSA stock traded up $0.09 during midday trading on Monday, reaching $36.45. The company had a trading volume of 18,858,114 shares, compared to its average volume of 24,385,611. The company has a 50 day moving average of $40.69 and a two-hundred day moving average of $40.26. The company has a market capitalization of $139.48 billion, a P/E ratio of 9.80, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a 1 year low of $36.24 and a 1 year high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced 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 analyst estimates of $31.78 billion. During the same period last year, the company earned $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.40%. Comcast’s dividend payout ratio is currently 33.33%.

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.