Alliance Wealth Advisors LLC UT Has $354,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Alliance Wealth Advisors LLC UT boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,442 shares of the cable giant’s stock after buying an additional 969 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Comcast were worth $354,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CMCSA. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the period. McClarren Financial Advisors Inc. increased its stake 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 worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $30,000. Iron Horse Wealth Management LLC grew its holdings 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 buying an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s 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 in the company, 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. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Morgan Stanley lowered their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Ten equities research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Stock Performance

NASDAQ:CMCSA opened at $33.55 on Wednesday. The stock has a market capitalization of $128.38 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.38. The firm has a 50 day moving average of $38.41 and a 200-day moving average of $40.02.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.93%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 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.