Stonebridge Financial Group LLC Invests $271,000 in Comcast Co. (NASDAQ:CMCSA)

Stonebridge Financial Group LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,231 shares of the cable giant’s stock, valued at approximately $271,000.

A number of other large investors have also recently bought and sold shares of the stock. AMF Tjanstepension AB boosted its position in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after acquiring an additional 132,442 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Comcast by 5.2% during the third quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant’s stock worth $329,000 after purchasing an additional 390 shares during the last quarter. CX Institutional grew its position in shares of Comcast by 32.0% in the third quarter. CX Institutional now owns 148,384 shares of the cable giant’s stock valued at $6,198,000 after purchasing an additional 35,987 shares during the period. Creative Planning increased its stake in Comcast by 2.7% in the third quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock valued at $40,080,000 after purchasing an additional 24,968 shares during the last quarter. Finally, Iams Wealth Management LLC lifted its position in Comcast by 1.8% during the third quarter. Iams Wealth Management LLC now owns 44,822 shares of the cable giant’s stock worth $1,872,000 after buying an additional 805 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of a number of research analyst reports. Citigroup decreased their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Wells Fargo & Company decreased their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Ten equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.13.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.23 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average of $37.54 and a two-hundred day moving average of $39.85. The company has a market cap of $133.21 billion, a P/E ratio of 8.49, a PEG 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.

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

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. Comcast’s dividend payout ratio is presently 29.88%.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Company 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.