Encompass More Asset Management Has $365,000 Position in Comcast Co. (NASDAQ:CMCSA)

Encompass More Asset Management boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,748 shares of the cable giant’s stock after acquiring an additional 414 shares during the period. Encompass More Asset Management’s holdings in Comcast were worth $365,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Cetera Advisors LLC grew its holdings in shares of Comcast by 71.0% in the 1st quarter. Cetera Advisors LLC now owns 198,430 shares of the cable giant’s stock valued at $8,602,000 after buying an additional 82,357 shares during the period. Davis Capital Management increased its holdings in shares of Comcast by 1.5% in the second quarter. Davis Capital Management now owns 37,862 shares of the cable giant’s stock worth $1,445,000 after acquiring an additional 566 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Comcast by 38.8% during the second quarter. GAMMA Investing LLC now owns 39,405 shares of the cable giant’s stock worth $1,543,000 after purchasing an additional 11,016 shares during the period. First Hawaiian Bank raised its position in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after purchasing an additional 15,664 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Comcast by 4.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 334,534 shares of the cable giant’s stock valued at $13,100,000 after purchasing an additional 15,756 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CMCSA shares. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Tuesday. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Macquarie upped their price objective on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Comcast Trading Up 1.5 %

Shares of NASDAQ:CMCSA opened at $43.19 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a market capitalization of $165.27 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.61 and a beta of 1.00. The business’s 50 day simple moving average is $42.29 and its 200 day simple moving average is $40.17.

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

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction 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 approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast 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.