Cypress Wealth Services LLC Acquires 488 Shares of Comcast Co. (NASDAQ:CMCSA)

Cypress Wealth Services LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 18,388 shares of the cable giant’s stock after acquiring an additional 488 shares during the period. Cypress Wealth Services LLC’s holdings in Comcast were worth $690,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter worth approximately $26,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the third quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. Loop Capital cut their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen lowered their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Stock Down 0.5 %

CMCSA opened at $36.31 on Friday. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The company has a 50 day moving average of $40.27 and a 200 day moving average of $40.20. 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 company has a market cap of $138.94 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the company earned $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

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 issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction 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 owns 534,849 shares of the company’s stock, 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 owned by company 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.