Buckhead Capital Management LLC Has $4.85 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Buckhead Capital Management LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 129,236 shares of the cable giant’s stock after selling 2,107 shares during the period. Comcast makes up about 1.6% of Buckhead Capital Management LLC’s holdings, making the stock its 27th largest position. Buckhead Capital Management LLC’s holdings in Comcast were worth $4,850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC lifted its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast in the fourth quarter worth approximately $28,000. McClarren Financial Advisors Inc. lifted its holdings 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 valued at $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.38 on Friday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The business’s fifty day moving average is $37.23 and its 200 day moving average is $39.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The firm has a market cap of $133.77 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. Research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 29.88%.

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CMCSA shares. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Evercore ISI raised Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

About Comcast

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.