Strategic Financial Concepts LLC Makes New Investment in Comcast Co. (NASDAQ:CMCSA)

Strategic Financial Concepts LLC bought a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,071 shares of the cable giant’s stock, valued at approximately $1,654,000.

Other hedge funds have also added to or reduced their stakes in the company. Hedeker Wealth LLC increased its holdings in shares of Comcast by 0.6% during the fourth quarter. Hedeker Wealth LLC now owns 100,866 shares of the cable giant’s stock valued at $3,786,000 after acquiring an additional 650 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in shares of Comcast by 7.4% during the fourth quarter. GHP Investment Advisors Inc. now owns 125,463 shares of the cable giant’s stock valued at $4,709,000 after acquiring an additional 8,616 shares in the last quarter. Trilogy Capital Inc. increased its holdings in shares of Comcast by 4.7% during the fourth quarter. Trilogy Capital Inc. now owns 71,549 shares of the cable giant’s stock valued at $2,685,000 after acquiring an additional 3,187 shares in the last quarter. Meadow Creek Wealth Advisors LLC increased its holdings in shares of Comcast by 9.0% during the fourth quarter. Meadow Creek Wealth Advisors LLC now owns 14,014 shares of the cable giant’s stock valued at $526,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Private Management Group Inc. increased its holdings in shares of Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after acquiring an additional 24,827 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CMCSA. Morgan Stanley decreased their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their target price for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Rosenblatt Securities cut their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Barclays cut their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Finally, Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Stock Up 0.3 %

Shares of NASDAQ CMCSA opened at $34.47 on Tuesday. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. 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’s fifty day moving average price is $37.71 and its 200-day moving average price is $39.88. The stock has a market capitalization of $130.33 billion, a PE ratio of 8.31, a P/E/G ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is presently 31.81%.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 $22,779,218.91. This 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 corporate insiders.

Comcast Company 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.