SkyView Investment Advisors LLC Has $525,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

SkyView Investment Advisors LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.4% in the third quarter, Holdings Channel.com reports. The firm owned 12,580 shares of the cable giant’s stock after purchasing an additional 759 shares during the period. SkyView Investment Advisors LLC’s holdings in Comcast were worth $525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new position in shares of Comcast during the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Comcast during the 2nd quarter worth about $27,000. McClarren Financial Advisors Inc. increased its holdings in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the 3rd quarter worth approximately $30,000. Finally, Archer Investment Corp grew its holdings in Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 519 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of research analyst reports. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie raised their price target on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Barclays raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $47.19.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 shares were 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 directly owns 6,669,928 shares in the company, 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. 1.26% of the stock is currently owned by corporate insiders.

Comcast Trading Up 1.3 %

Shares of CMCSA stock opened at $40.24 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $153.98 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.63 and a beta of 0.99. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The firm has a 50-day moving average price of $42.35 and a 200 day moving average price of $40.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. Research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business 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 3.08%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Comcast 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.