Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in Comcast Co. (NASDAQ:CMCSA) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 666,389 shares of the cable giant’s stock after purchasing an additional 7,387 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Comcast were worth $25,010,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new position in shares of Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC increased its holdings in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the period. Finally, Dunhill Financial LLC lifted its holdings in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were 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 owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CMCSA. Loop Capital dropped their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Macquarie restated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Trading Down 2.2 %

Shares of Comcast stock opened at $36.36 on Friday. The business has a 50 day moving average price of $40.69 and a 200 day moving average price of $40.25. The company has a market capitalization of $139.13 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.24 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last released 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 analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 earnings per share. Sell-side analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.