Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Clarius Group LLC

Clarius Group LLC grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 27.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,607 shares of the cable giant’s stock after acquiring an additional 4,689 shares during the quarter. Clarius Group LLC’s holdings in Comcast were worth $811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in shares of Comcast during the 2nd quarter valued at $26,000. Winch Advisory Services LLC lifted its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% in 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. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the third quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’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 completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on 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 owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Up 0.7 %

CMCSA opened at $36.58 on Friday. The stock’s 50 day moving average price is $39.97 and its 200 day moving average price is $40.16. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $139.97 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. As a group, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.39%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.33.

About Comcast

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.