SGL Investment Advisors Inc. Buys Shares of 26,680 Comcast Co. (NASDAQ:CMCSA)

SGL Investment Advisors Inc. bought a new position in Comcast Co. (NASDAQ:CMCSA) in the third quarter, Holdings Channel.com reports. The firm bought 26,680 shares of the cable giant’s stock, valued at approximately $1,160,000.

Other hedge funds also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its holdings in Comcast by 2.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 91,145 shares of the cable giant’s stock worth $3,569,000 after buying an additional 2,411 shares during the period. Burke & Herbert Bank & Trust Co. lifted its holdings in Comcast by 42.1% in the second quarter. Burke & Herbert Bank & Trust Co. now owns 23,013 shares of the cable giant’s stock valued at $901,000 after buying an additional 6,821 shares during the period. Maia Wealth LLC bought a new stake in Comcast during the second quarter valued at $269,000. Diversified Trust Co boosted its position in shares of Comcast by 3.7% during the 2nd quarter. Diversified Trust Co now owns 178,532 shares of the cable giant’s stock valued at $6,991,000 after purchasing an additional 6,321 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Comcast by 1.0% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 362,134 shares of the cable giant’s stock valued at $14,181,000 after acquiring an additional 3,726 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CMCSA. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company raised their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Pivotal Research raised their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen reduced their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Benchmark restated a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

Insider Transactions at Comcast

In related news, 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 transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $43.15 on Monday. The business’s 50 day moving average price is $42.48 and its 200-day moving average price is $40.31. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The firm has a market cap of $165.12 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.63 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS 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 firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the company posted $1.08 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 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.