Pine Valley Investments Ltd Liability Co Has $1.35 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Pine Valley Investments Ltd Liability Co grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,320 shares of the cable giant’s stock after purchasing an additional 605 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Comcast were worth $1,350,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Tudor Financial Inc. acquired a new stake in shares of Comcast in the third quarter valued at approximately $1,301,000. SkyView Investment Advisors LLC boosted its position in Comcast by 6.4% in the 3rd quarter. SkyView Investment Advisors LLC now owns 12,580 shares of the cable giant’s stock valued at $525,000 after buying an additional 759 shares during the last quarter. McIlrath & Eck LLC increased its stake in shares of Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after buying an additional 282 shares during the period. Invst LLC raised its position in shares of Comcast by 8.4% during the third quarter. Invst LLC now owns 39,839 shares of the cable giant’s stock worth $1,664,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Unigestion Holding SA boosted its holdings in Comcast by 89.0% in the third quarter. Unigestion Holding SA now owns 209,098 shares of the cable giant’s stock valued at $8,734,000 after acquiring an additional 98,481 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Up 1.3 %

Comcast stock opened at $40.24 on Friday. The company has a fifty day simple moving average of $42.33 and a 200 day simple moving average of $40.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company has a market cap of $153.98 billion, a P/E ratio of 10.82, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99.

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

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.08%. Comcast’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company upped their price objective on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Pivotal Research upped their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.19.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the 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 sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, 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. Insiders own 1.26% of the company’s stock.

About Comcast

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.