Diversify Wealth Management LLC Boosts Position in Comcast Co. (NASDAQ:CMCSA)

Diversify Wealth Management LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 72.7% during the fourth quarter, Holdings Channel reports. The fund owned 84,821 shares of the cable giant’s stock after buying an additional 35,704 shares during the quarter. Diversify Wealth Management LLC’s holdings in Comcast were worth $3,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sei Investments Co. increased its holdings in Comcast by 8.4% in the second quarter. Sei Investments Co. now owns 2,350,026 shares of the cable giant’s stock valued at $92,026,000 after buying an additional 182,130 shares in the last quarter. Holderness Investments Co. boosted its position in Comcast by 1.4% during the second quarter. Holderness Investments Co. now owns 26,343 shares of the cable giant’s stock worth $1,032,000 after purchasing an additional 356 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Comcast by 45,218.6% in the second quarter. Frank Rimerman Advisors LLC now owns 95,169 shares of the cable giant’s stock valued at $3,727,000 after buying an additional 94,959 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Comcast by 60.9% during the 2nd quarter. Epoch Investment Partners Inc. now owns 2,058,445 shares of the cable giant’s stock valued at $80,609,000 after buying an additional 778,760 shares in the last quarter. Finally, Fairscale Capital LLC purchased a new stake in Comcast in the 2nd quarter worth $26,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 0.7 %

Shares of CMCSA opened at $36.58 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $139.97 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company’s 50-day moving average price is $39.97 and its 200 day moving average price is $40.18. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.08 EPS. On average, sell-side analysts forecast that Comcast Co. will post 4.25 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. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

CMCSA has been the topic of several research analyst reports. Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Scotiabank raised shares of 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 note on Friday, November 1st. Finally, KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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 owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents 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.

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.