Comcast Co. (NASDAQ:CMCSA) Shares Bought by HF Advisory Group LLC

HF Advisory Group LLC raised its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 50.2% during the fourth quarter, HoldingsChannel reports. The fund owned 16,086 shares of the cable giant’s stock after acquiring an additional 5,376 shares during the quarter. HF Advisory Group LLC’s holdings in Comcast were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Comcast by 2.2% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 162,209 shares of the cable giant’s stock valued at $7,113,000 after purchasing an additional 3,497 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Comcast by 3.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 575,993 shares of the cable giant’s stock worth $25,257,000 after acquiring an additional 21,881 shares during the last quarter. Sfmg LLC increased its holdings in Comcast by 2.6% in the fourth quarter. Sfmg LLC now owns 101,022 shares of the cable giant’s stock worth $4,430,000 after buying an additional 2,581 shares during the last quarter. TRUE Private Wealth Advisors boosted its holdings in Comcast by 8.0% in the fourth quarter. TRUE Private Wealth Advisors now owns 17,647 shares of the cable giant’s stock worth $774,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Scissortail Wealth Management LLC increased its holdings in shares of Comcast by 32.6% during the 4th quarter. Scissortail Wealth Management LLC now owns 120,177 shares of the cable giant’s stock valued at $5,542,000 after acquiring an additional 29,555 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CMCSA shares. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Comcast in a research report on Wednesday, April 10th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Wells Fargo & Company decreased their price target on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. Finally, Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Comcast Stock Up 1.3 %

Shares of CMCSA stock traded up $0.51 during mid-day trading on Thursday, hitting $39.50. The company’s stock had a trading volume of 2,466,373 shares, compared to its average volume of 20,432,592. The stock has a market cap of $156.89 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.95 and a beta of 0.98. The business has a 50-day moving average price of $41.89 and a 200 day moving average price of $42.76. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Research analysts predict that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Comcast’s payout ratio is 33.33%.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.18% 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.