Comcast Corporation $CMCSA Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 34.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 128,717 shares of the cable giant’s stock after buying an additional 32,992 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Comcast were worth $3,847,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new stake in Comcast during the 3rd quarter worth approximately $26,000. United Financial Planning Group LLC acquired a new stake in shares of Comcast in the 3rd quarter valued at $28,000. Olistico Wealth LLC acquired a new stake in shares of Comcast in the 4th quarter valued at $29,000. Elevation Wealth Partners LLC raised its holdings in shares of Comcast by 67.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,004 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 404 shares in the last quarter. Finally, Corsicana & Co. acquired a new stake in shares of Comcast in the 3rd quarter valued at $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.0%

NASDAQ CMCSA opened at $29.63 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. The firm’s fifty day moving average price is $29.98 and its 200 day moving average price is $29.14. The company has a market capitalization of $106.60 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 2.44 and a beta of 0.80. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $36.66.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $32.31 billion for the quarter, compared to the consensus estimate of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. On average, sell-side analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMCSA. Scotiabank reduced their price objective on shares of Comcast from $35.25 to $34.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 1st. Wall Street Zen upgraded shares of Comcast to a “hold” rating in a report on Saturday, March 14th. Bank of America upgraded shares of Comcast from a “neutral” rating to a “buy” rating and raised their price objective for the company from $31.00 to $37.00 in a report on Monday, January 12th. BNP Paribas Exane reduced their price objective on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday, April 8th. Finally, TD Cowen reduced their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.81.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the transaction, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.32% of the stock is owned by company insiders.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.