WCM Investment Management LLC Purchases 66,989 Shares of Comcast Co. (NASDAQ:CMCSA)

WCM Investment Management LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 147.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,429 shares of the cable giant’s stock after purchasing an additional 66,989 shares during the quarter. WCM Investment Management LLC’s holdings in Comcast were worth $4,204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CMCSA. AMF Tjanstepension AB boosted its stake in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after acquiring an additional 132,442 shares during the last quarter. HCR Wealth Advisors acquired a new position in shares of Comcast in the 3rd quarter valued at $210,000. Matrix Asset Advisors Inc. NY grew its stake in shares of Comcast by 0.9% during the third quarter. Matrix Asset Advisors Inc. NY now owns 730,834 shares of the cable giant’s stock worth $30,527,000 after purchasing an additional 6,218 shares during the period. Cardinal Capital Management Inc. lifted its stake in Comcast by 1.9% in the third quarter. Cardinal Capital Management Inc. now owns 643,491 shares of the cable giant’s stock valued at $26,879,000 after buying an additional 11,908 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’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 transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $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.

Comcast Stock Down 0.3 %

Shares of CMCSA stock opened at $34.37 on Monday. The firm’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $39.87. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $129.95 billion, a P/E ratio of 8.28, a PEG ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. 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 dividend yield of 3.84%. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price 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. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Barclays dropped their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target 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.