PFW Advisors LLC Makes New $408,000 Investment in Comcast Co. (NASDAQ:CMCSA)

by · The Markets Daily

PFW Advisors LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA – Free Report) in the 4th quarter, HoldingsChannel reports. The fund purchased 10,860 shares of the cable giant’s stock, valued at approximately $408,000.

A number of other hedge funds also recently made changes to their positions in CMCSA. Koshinski Asset Management Inc. boosted its holdings in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after acquiring an additional 249 shares during the period. Taurus Asset Management LLC raised its position in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after acquiring an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in shares of Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after buying an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its stake in Comcast by 2.7% in the second quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after acquiring an additional 261 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on 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 transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’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 completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Deutsche Bank Aktiengesellschaft upped their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average target price of $47.33.

Read Our Latest Report on CMCSA

Comcast Price Performance

Shares of Comcast stock traded up $0.09 on Monday, reaching $36.45. The company’s stock had a trading volume of 18,860,116 shares, compared to its average volume of 24,385,611. 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 50-day moving average price of $40.69 and a 200-day moving average price of $40.26. The company has a market capitalization of $139.48 billion, a P/E ratio of 9.80, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a 52-week low of $36.24 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA – Get Free Report) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 earnings per share. Analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

About Comcast

(Free Report)

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.

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