TigerOak Management L.L.C. Purchases New Position in Comcast Co. (NASDAQ:CMCSA)

TigerOak Management L.L.C. purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,088 shares of the cable giant’s stock, valued at approximately $379,000.

Several other large investors have also made changes to their positions in the company. AMF Tjanstepension AB boosted its position in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Creative Planning boosted its position in Comcast by 2.7% during the third quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock worth $40,080,000 after purchasing an additional 24,968 shares during the period. Cornerstone Wealth Management LLC boosted its position in Comcast by 5.9% during the third quarter. Cornerstone Wealth Management LLC now owns 8,299 shares of the cable giant’s stock worth $347,000 after purchasing an additional 459 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Comcast by 2.2% during the third quarter. Global Retirement Partners LLC now owns 57,121 shares of the cable giant’s stock worth $2,386,000 after buying an additional 1,226 shares during the last quarter. Finally, Stratos Investment Management LLC lifted its holdings in shares of Comcast by 7.5% during the third quarter. Stratos Investment Management LLC now owns 25,799 shares of the cable giant’s stock worth $1,078,000 after buying an additional 1,792 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Activity at Comcast

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

Comcast Price Performance

Shares of CMCSA stock opened at $35.39 on Friday. The stock’s fifty day moving average is $36.93 and its 200-day moving average is $39.72. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The stock has a market capitalization of $133.81 billion, a PE ratio of 8.53, a PEG ratio of 1.69 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal 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 issued a $0.33 dividend. This is a boost 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 annualized dividend and a yield of 3.73%. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Benchmark cut their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a report on Friday, January 31st. Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast 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.