Saxon Interests Inc. Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Saxon Interests Inc. grew its position in Comcast Co. (NASDAQ:CMCSA) by 9.9% during the fourth quarter, Holdings Channel reports. The firm owned 14,893 shares of the cable giant’s stock after acquiring an additional 1,339 shares during the period. Saxon Interests Inc.’s holdings in Comcast were worth $559,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Fairscale Capital LLC acquired a new position in shares of Comcast in the 2nd quarter valued at about $26,000. Winch Advisory Services LLC raised its holdings in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. lifted its position in shares of Comcast by 365.4% in the third 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 in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the third quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC raised its stake in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

Shares of Comcast stock opened at $36.65 on Friday. The firm has a market capitalization of $140.25 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The firm’s 50 day moving average is $40.27 and its two-hundred day moving average is $40.20.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the company posted $1.08 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.38%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’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 owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s 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 completion of the sale, the president now directly owns 534,849 shares in the company, valued at $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 owned by insiders.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several recent research reports. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Pivotal Research upped their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $47.33.

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.