Hourglass Capital LLC Buys 12,980 Shares of Comcast Co. (NASDAQ:CMCSA)

Hourglass Capital LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 30.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 55,450 shares of the cable giant’s stock after buying an additional 12,980 shares during the period. Hourglass Capital LLC’s holdings in Comcast were worth $2,081,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Roxbury Financial LLC bought a new stake in Comcast in the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter valued at $28,000. McClarren Financial Advisors Inc. lifted its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the third quarter valued at about $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, 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. Company insiders own 1.26% of the company’s stock.

Comcast Trading Up 0.0 %

Shares of NASDAQ CMCSA opened at $35.39 on Friday. The firm has a 50 day moving average price of $36.93 and a two-hundred day moving average price of $39.72. The stock has a market cap of $133.81 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently commented on CMCSA shares. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reduced their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Nine 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $44.13.

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.