Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Hedeker Wealth LLC

Hedeker Wealth LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 100,866 shares of the cable giant’s stock after buying an additional 650 shares during the period. Hedeker Wealth LLC’s holdings in Comcast were worth $3,786,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Koshinski Asset Management Inc. grew its stake in shares of Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the last quarter. Taurus Asset Management LLC grew its stake 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 valued at $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC grew its stake in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC lifted 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 during the period. Finally, Arvest Investments Inc. lifted its holdings in shares of Comcast by 1.0% in the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after buying an additional 268 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $34.47 on Friday. The company has a market cap of $131.90 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.23 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business has a fifty day simple moving average of $38.05 and a 200-day simple moving average of $39.93.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts forecast that Comcast Co. will post 4.4 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently commented on CMCSA. Benchmark reduced their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a report on Friday, January 31st. TD Cowen reduced their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Macquarie reduced their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Bank of America cut Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

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.