Geller Advisors LLC Purchases 1,576 Shares of Comcast Co. (NASDAQ:CMCSA)

Geller Advisors LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.2% in the third quarter, Holdings Channel reports. The firm owned 23,600 shares of the cable giant’s stock after acquiring an additional 1,576 shares during the quarter. Geller Advisors LLC’s holdings in Comcast were worth $986,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Drucker Wealth 3.0 LLC lifted its stake in Comcast by 0.9% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 133,514 shares of the cable giant’s stock valued at $5,577,000 after acquiring an additional 1,134 shares during the period. SGL Investment Advisors Inc. purchased a new position in shares of Comcast during the third quarter valued at approximately $1,160,000. Y Intercept Hong Kong Ltd lifted its position in Comcast by 105.1% during the third quarter. Y Intercept Hong Kong Ltd now owns 209,887 shares of the cable giant’s stock valued at $8,767,000 after purchasing an additional 107,566 shares during the period. MML Investors Services LLC boosted its holdings in Comcast by 4.9% in the third quarter. MML Investors Services LLC now owns 691,556 shares of the cable giant’s stock worth $28,886,000 after purchasing an additional 32,532 shares during the last quarter. Finally, Dean Investment Associates LLC grew its position in Comcast by 25.6% in the 3rd quarter. Dean Investment Associates LLC now owns 112,372 shares of the cable giant’s stock worth $4,694,000 after purchasing an additional 22,886 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Finally, TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Performance

NASDAQ CMCSA opened at $43.15 on Monday. The stock has a market capitalization of $165.12 billion, a PE ratio of 11.60, a P/E/G ratio of 1.63 and a beta of 0.99. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The business has a 50 day simple moving average of $42.48 and a two-hundred day simple moving average of $40.31. 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 (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts predict that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.