Westmount Partners LLC Buys 933 Shares of Comcast Co. (NASDAQ:CMCSA)

Westmount Partners LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,041 shares of the cable giant’s stock after purchasing an additional 933 shares during the period. Westmount Partners LLC’s holdings in Comcast were worth $677,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMCSA. Federated Hermes Inc. increased its holdings in Comcast by 4.5% during the 2nd quarter. Federated Hermes Inc. now owns 311,153 shares of the cable giant’s stock valued at $12,185,000 after purchasing an additional 13,491 shares during the period. Parallel Advisors LLC boosted its position in Comcast by 0.8% during the 2nd quarter. Parallel Advisors LLC now owns 86,405 shares of the cable giant’s stock valued at $3,384,000 after acquiring an additional 658 shares in the last quarter. Thoroughbred Financial Services LLC boosted its position in shares of Comcast by 60.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 57,314 shares of the cable giant’s stock worth $2,244,000 after purchasing an additional 21,681 shares in the last quarter. Prosperity Consulting Group LLC boosted its position in shares of Comcast by 8.3% in the 2nd quarter. Prosperity Consulting Group LLC now owns 15,251 shares of the cable giant’s stock worth $597,000 after purchasing an additional 1,170 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Comcast by 38.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 86,468 shares of the cable giant’s stock worth $3,386,000 after purchasing an additional 23,921 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.4 %

Shares of CMCSA traded up $0.15 during midday trading on Monday, hitting $36.51. 8,344,062 shares of the company’s stock traded hands, compared to its average volume of 22,804,729. Comcast Co. has a 1 year low of $36.24 and a 1 year high of $47.11. The firm’s fifty day moving average is $40.69 and its 200-day moving average is $40.26. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $139.71 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, sell-side analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. Comcast’s payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on 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 sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen decreased their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

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.