HBW Advisory Services LLC Has $3.64 Million Position in Comcast Co. (NASDAQ:CMCSA)

HBW Advisory Services LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 96,920 shares of the cable giant’s stock after selling 1,241 shares during the quarter. HBW Advisory Services LLC’s holdings in Comcast were worth $3,637,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Wilmington Savings Fund Society FSB raised its position in shares of Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares during the last quarter. FMR LLC raised its position in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after acquiring an additional 4,182,525 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Comcast by 530.5% during the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after acquiring an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP raised its position in shares of Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after acquiring an additional 2,000,000 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Down 1.8 %

NASDAQ CMCSA traded down $0.68 during trading hours on Friday, hitting $36.49. 17,535,999 shares of the company traded hands, compared to its average volume of 23,608,172. The business’s 50-day moving average is $40.83 and its 200-day moving average is $40.25. Comcast Co. has a twelve month low of $36.24 and a twelve month high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $139.63 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 1.50 and a beta of 1.01.

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

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 yield of 3.40%. Comcast’s dividend payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CMCSA shares. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $45.00 in a report on Monday, December 16th. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average target price of $47.33.

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.