SYM FINANCIAL Corp Buys 1,292 Shares of Comcast Co. (NASDAQ:CMCSA)

SYM FINANCIAL Corp boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 10.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,569 shares of the cable giant’s stock after acquiring an additional 1,292 shares during the period. SYM FINANCIAL Corp’s holdings in Comcast were worth $509,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Centaurus Financial Inc. raised its position in Comcast by 77.2% in the 2nd quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock worth $555,000 after purchasing an additional 6,179 shares during the period. AMF Tjanstepension AB increased its holdings in shares of Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares during the period. Czech National Bank lifted its stake in shares of Comcast by 5.5% in the 3rd quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock valued at $32,871,000 after acquiring an additional 41,061 shares during the last quarter. Farmers Trust Co. purchased a new stake in Comcast during the 3rd quarter valued at about $228,000. Finally, Apella Capital LLC grew its position in Comcast by 19.2% during the 3rd quarter. Apella Capital LLC now owns 7,880 shares of the cable giant’s stock worth $325,000 after acquiring an additional 1,268 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday. TD Cowen dropped their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Benchmark lowered their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday. Finally, BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $45.00.

Comcast Stock Performance

Shares of CMCSA opened at $33.66 on Friday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market cap of $128.80 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01. The business’s 50 day moving average price is $38.61 and its 200-day moving average price is $40.07.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 19.81% and a net margin of 11.92%. Equities research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date of this dividend 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 yield of 3.92%. Comcast’s payout ratio is 33.33%.

Insider Transactions at Comcast

In other Comcast news, 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 value of $1,087,620.83. Following the completion of the transaction, the president now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was 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 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.