Tritonpoint Wealth LLC Purchases 665 Shares of Comcast Co. (NASDAQ:CMCSA)

Tritonpoint Wealth LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,148 shares of the cable giant’s stock after purchasing an additional 665 shares during the period. Tritonpoint Wealth LLC’s holdings in Comcast were worth $268,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its position in shares of Comcast by 55,334.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after acquiring an additional 8,258,128 shares during the period. FMR LLC increased its position in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Public Sector Pension Investment Board raised its holdings in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Comcast by 31.7% in the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock worth $318,036,000 after purchasing an additional 1,833,453 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Comcast by 6.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after buying an additional 1,717,762 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft upped 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. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a report on Friday. Morgan Stanley lowered their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday. TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’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 sale, 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 filing with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Trading Up 1.2 %

Shares of NASDAQ:CMCSA opened at $33.66 on Monday. The stock has a 50 day moving average of $38.61 and a 200 day moving average of $40.07. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $128.80 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.36 and a beta of 1.01. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. As a group, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.92%. Comcast’s dividend payout ratio is currently 31.81%.

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.