DGS Capital Management LLC Increases Stake in Comcast Co. (NASDAQ:CMCSA)

DGS Capital Management LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,498 shares of the cable giant’s stock after buying an additional 1,221 shares during the period. DGS Capital Management LLC’s holdings in Comcast were worth $1,190,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in shares of Comcast in the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast in the 2nd quarter valued at $27,000. McClarren Financial Advisors Inc. raised its position in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the 3rd quarter worth $30,000. Finally, Archer Investment Corp boosted its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of several research analyst reports. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price target on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on 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 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 legal filing with the SEC, which can be accessed through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were 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. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Trading Down 1.1 %

NASDAQ CMCSA traded down $0.43 on Friday, hitting $39.81. 2,881,443 shares of the stock were exchanged, compared to its average volume of 19,573,748. The company’s 50-day moving average price is $42.33 and its two-hundred day moving average price is $40.31. The company has a market capitalization of $152.33 billion, a price-to-earnings ratio of 10.82, a P/E/G ratio of 1.50 and a beta of 0.99. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. Research analysts predict that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

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.