Sfmg LLC Acquires 2,581 Shares of Comcast Co. (NASDAQ:CMCSA)

Sfmg LLC increased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,022 shares of the cable giant’s stock after buying an additional 2,581 shares during the quarter. Sfmg LLC’s holdings in Comcast were worth $4,430,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. NewSquare Capital LLC grew its stake in shares of Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $29,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Comcast during the third quarter worth about $33,000. Finally, Tennessee Valley Asset Management Partners acquired a new position in shares of Comcast in the fourth quarter worth approximately $34,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Price Performance

Shares of Comcast stock traded down $0.06 during trading on Wednesday, hitting $39.06. The stock had a trading volume of 5,282,806 shares, compared to its average volume of 20,473,449. The firm has a market cap of $155.14 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.96 and a beta of 0.98. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The business’s 50-day moving average is $41.97 and its 200 day moving average is $42.79. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 3.17%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CMCSA. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a research report on Wednesday, April 10th. Wells Fargo & Company dropped their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Comcast Company 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.