Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Bfsg LLC

Bfsg LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 752.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,366 shares of the cable giant’s stock after buying an additional 73,590 shares during the quarter. Bfsg LLC’s holdings in Comcast were worth $3,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Taurus Asset Management LLC boosted its position in shares of Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the last quarter. Arvest Investments Inc. boosted its holdings in Comcast by 1.0% during the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock worth $1,137,000 after purchasing an additional 268 shares during the last quarter. McIlrath & Eck LLC grew its position in Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after purchasing an additional 282 shares in the last quarter. Finally, Mengis Capital Management Inc. increased its stake in Comcast by 1.5% in the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CMCSA. The Goldman Sachs Group reduced their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Activity at Comcast

In other 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 value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly 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 position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Comcast Trading Up 0.0 %

Shares of CMCSA stock opened at $35.39 on Tuesday. The stock has a market capitalization of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The business has a 50-day moving average of $36.93 and a 200 day moving average of $39.70. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

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.