Sendero Wealth Management LLC Has $1.59 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Sendero Wealth Management LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 49.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,257 shares of the cable giant’s stock after purchasing an additional 13,962 shares during the quarter. Sendero Wealth Management LLC’s holdings in Comcast were worth $1,586,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. increased its stake in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the 3rd quarter worth approximately $30,000. Iron Horse Wealth Management LLC lifted its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC increased its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, Evercore ISI raised shares of 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, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 0.3 %

Comcast stock opened at $36.50 on Thursday. The stock has a 50-day simple moving average of $40.44 and a 200 day simple moving average of $40.23. The stock has a market capitalization of $139.67 billion, a P/E ratio of 9.81, a PEG ratio of 1.50 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period in the previous year, the firm earned $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts expect 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. 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 3.40%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Comcast Company 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.