Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 85,443 shares of the cable giant’s stock after purchasing an additional 2,912 shares during the quarter. Comcast accounts for 1.5% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 9th biggest position. Mitchell & Pahl Private Wealth LLC’s holdings in Comcast were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of CMCSA. Koshinski Asset Management Inc. lifted its position in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the last quarter. Taurus Asset Management LLC lifted its holdings in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its position in Comcast by 3.1% during the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC grew its holdings in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the last quarter. Finally, Saxon Interests Inc. raised its position in shares of Comcast by 2.0% in the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.7 %

Shares of CMCSA opened at $36.58 on Tuesday. The stock’s fifty day simple moving average is $39.97 and its 200-day simple moving average is $40.19. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $139.97 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.39%. Comcast’s dividend payout ratio is 33.33%.

Analyst Ratings Changes

Several analysts recently weighed in on CMCSA shares. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Macquarie reiterated a “neutral” rating and set a $42.00 target price on shares of Comcast in a research note on Monday, January 6th. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the 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 in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 dated 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.