Brio Consultants LLC Acquires 6,810 Shares of Comcast Co. (NASDAQ:CMCSA)

Brio Consultants LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 93.0% in the 4th quarter, Holdings Channel reports. The firm owned 14,136 shares of the cable giant’s stock after acquiring an additional 6,810 shares during the period. Brio Consultants LLC’s holdings in Comcast were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. FMR LLC grew its holdings in Comcast by 5.4% in the 3rd 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. Charles Schwab Investment Management Inc. raised its holdings in shares of Comcast by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after acquiring an additional 416,759 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after buying an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in Comcast by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock worth $623,146,000 after buying an additional 676,920 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $33.66 on Friday. 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 firm has a market cap of $128.80 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01. The firm has a fifty day moving average price of $38.61 and a 200 day moving average price of $40.07. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. As a group, sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Activity at Comcast

In related news, 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 of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, 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. 1.26% of the stock is owned by company insiders.

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.