44 Wealth Management LLC Has $2.17 Million Stake in Comcast Co. (NASDAQ:CMCSA)

44 Wealth Management LLC lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,802 shares of the cable giant’s stock after buying an additional 634 shares during the period. 44 Wealth Management LLC’s holdings in Comcast were worth $2,169,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CMCSA. AMF Tjanstepension AB increased its holdings in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Comcast in the 3rd quarter worth approximately $357,000. McAdam LLC increased its holdings in Comcast by 27.1% in the 3rd quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock worth $523,000 after acquiring an additional 2,665 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Comcast by 5,414.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock worth $62,959,000 after buying an additional 1,479,954 shares during the period. Finally, DT Investment Partners LLC raised its holdings in Comcast by 10.0% during the 3rd quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock valued at $323,000 after acquiring an additional 703 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated 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 transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on 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 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 position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company lowered their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $44.13.

Comcast Stock Down 0.4 %

Shares of NASDAQ CMCSA opened at $36.26 on Friday. The stock has a market capitalization of $137.08 billion, a P/E ratio of 8.74, a PEG ratio of 1.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The firm’s 50 day simple moving average is $36.58 and its two-hundred day simple moving average is $39.58.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal 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 dividend of $0.33 per share. The ex-dividend date 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 3.64%. Comcast’s dividend payout ratio is currently 29.88%.

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.