Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Peterson Wealth Services

Peterson Wealth Services boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,908 shares of the cable giant’s stock after acquiring an additional 1,553 shares during the period. Peterson Wealth Services’ holdings in Comcast were worth $1,423,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. AMF Tjanstepension AB raised its position in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the period. Koshinski Asset Management Inc. raised its position in Comcast by 0.8% in the third 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 period. Sound Income Strategies LLC raised its position in Comcast by 10.1% in the third quarter. Sound Income Strategies LLC now owns 3,945 shares of the cable giant’s stock valued at $165,000 after purchasing an additional 363 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Comcast by 14.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,099 shares of the cable giant’s stock valued at $1,132,000 after purchasing an additional 3,332 shares during the period. Finally, Procyon Advisors LLC raised its position in Comcast by 2.1% in the third quarter. Procyon Advisors LLC now owns 158,177 shares of the cable giant’s stock valued at $6,607,000 after purchasing an additional 3,310 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Scotiabank lowered Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Ten equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated 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 $284,539,128.48. This 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.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.47 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company has a market capitalization of $130.33 billion, a PE ratio of 8.31, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a fifty day moving average of $37.71 and a two-hundred day moving average of $39.88.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 13.09% and a return on equity of 19.98%. As a group, analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

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

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.