29,123 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Davis Investment Partners LLC

Davis Investment Partners LLC bought a new stake 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 29,123 shares of the cable giant’s stock, valued at approximately $1,059,000.

Other large investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in shares of Comcast in the second quarter valued at approximately $26,000. McClarren Financial Advisors Inc. grew its position in 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. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the 3rd quarter valued at approximately $30,000. Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction 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 completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was 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.

Analyst Ratings Changes

CMCSA has been the topic of several recent analyst reports. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Macquarie restated a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. Barclays raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, Wells Fargo & Company decreased their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Performance

Comcast stock traded up $0.09 during midday trading on Monday, reaching $36.45. 18,651,770 shares of the company’s stock were exchanged, compared to its average volume of 23,514,344. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $139.48 billion, a price-to-earnings ratio of 9.80, a P/E/G ratio of 1.50 and a beta of 1.01. Comcast Co. has a 52 week low of $36.24 and a 52 week high of $47.11. The stock’s 50-day simple moving average is $40.69 and its 200 day simple moving average is $40.26.

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 net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the business posted $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. Comcast’s payout ratio is 33.33%.

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.