Tradition Wealth Management LLC Has $285,000 Position in Comcast Co. (NASDAQ:CMCSA)

Tradition Wealth Management LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,816 shares of the cable giant’s stock after selling 628 shares during the quarter. Tradition Wealth Management LLC’s holdings in Comcast were worth $285,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Bank & Trust Co bought a new stake in Comcast during the second quarter worth about $58,000. Mather Group LLC. increased its position in shares of Comcast by 111.9% during the 2nd quarter. Mather Group LLC. now owns 63,684 shares of the cable giant’s stock worth $2,761,000 after purchasing an additional 33,626 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of Comcast during the 2nd quarter worth approximately $36,000. Fulton Bank N.A. boosted its holdings in shares of Comcast by 14.0% in the 2nd quarter. Fulton Bank N.A. now owns 15,132 shares of the cable giant’s stock valued at $593,000 after buying an additional 1,855 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Comcast by 2.0% in the second quarter. Kingswood Wealth Advisors LLC now owns 43,559 shares of the cable giant’s stock valued at $1,706,000 after buying an additional 866 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related 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 completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Up 1.5 %

Shares of CMCSA opened at $43.19 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. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The firm’s 50 day moving average is $42.29 and its 200-day moving average is $40.18. The stock has a market capitalization of $165.27 billion, a PE ratio of 11.61, a P/E/G ratio of 1.63 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 firm 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%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. Equities research analysts forecast that Comcast Co. will post 4.26 EPS 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 paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. Comcast’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. KeyCorp upped their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

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.