Premia Global Advisors LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 6,610 shares of the cable giant’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMCSA. Sky Investment Group LLC grew its position in Comcast by 7.3% in the 4th quarter. Sky Investment Group LLC now owns 37,132 shares of the cable giant’s stock valued at $1,487,000 after acquiring an additional 2,536 shares during the last quarter. Convergence Investment Partners LLC grew its position in Comcast by 32.1% in the 4th quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after acquiring an additional 25,508 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Comcast by 1.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 100,285 shares of the cable giant’s stock valued at $4,016,000 after acquiring an additional 1,853 shares during the last quarter. Swiss National Bank grew its position in Comcast by 0.9% in the 3rd quarter. Swiss National Bank now owns 18,023,300 shares of the cable giant’s stock valued at $693,537,000 after acquiring an additional 162,000 shares during the last quarter. Finally, Buckley Wealth Management LLC bought a new position in Comcast in the 4th quarter valued at $755,000. 83.54% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ CMCSA opened at $33.53 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $153,361.63, a P/E ratio of 16.28, a P/E/G ratio of 1.21 and a beta of 1.17. Comcast Co. has a 1-year low of $32.74 and a 1-year high of $44.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $21.92 billion during the quarter, compared to analysts’ expectations of $21.83 billion. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. equities analysts forecast that Comcast Co. will post 2.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, April 3rd. Comcast’s dividend payout ratio is 36.89%.

In other Comcast news, SVP Daniel C. Murdock sold 1,891 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $35.60, for a total value of $67,319.60. Following the completion of the sale, the senior vice president now directly owns 2,585 shares in the company, valued at $92,026. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Brian L. Roberts sold 691,105 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $36.53, for a total value of $25,246,065.65. Following the completion of the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at $62,750,795.64. The disclosure for this sale can be found here. Insiders have sold a total of 1,399,951 shares of company stock valued at $52,377,633 over the last 90 days. 1.28% of the stock is currently owned by company insiders.

Several equities analysts have commented on CMCSA shares. Morgan Stanley upped their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. TD Securities downgraded Comcast from an “action list buy” rating to a “buy” rating and upped their price objective for the company from $42.60 to $51.00 in a research report on Friday, January 12th. Wells Fargo upped their price objective on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Buckingham Research upped their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Finally, Macquarie downgraded Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company. Comcast currently has an average rating of “Buy” and an average target price of $47.08.

TRADEMARK VIOLATION NOTICE: “Premia Global Advisors LLC Buys Shares of 6,610 Comcast Co. (CMCSA)” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.dailypolitical.com/2018/04/17/premia-global-advisors-llc-buys-shares-of-6610-comcast-co-cmcsa.html.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.