Comcast Co. (NASDAQ:CMCSA) Holdings Boosted by Ingalls & Snyder LLC

Ingalls & Snyder LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,564 shares of the cable giant’s stock after purchasing an additional 1,281 shares during the period. Ingalls & Snyder LLC’s holdings in Comcast were worth $1,297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC grew its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast during the 4th quarter valued at $28,000. McClarren Financial Advisors Inc. grew its holdings 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 valued at $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the third quarter worth $30,000. Finally, Iron Horse Wealth Management LLC raised 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 acquiring an additional 522 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.4 %

CMCSA opened at $35.38 on Friday. The business has a 50 day moving average of $37.23 and a 200-day moving average of $39.79. The stock has a market capitalization of $133.77 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.73%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 29.88%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Buying and Selling at Comcast

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

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.