Marion Wealth Management Boosts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Marion Wealth Management lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,059 shares of the cable giant’s stock after buying an additional 1,864 shares during the quarter. Marion Wealth Management’s holdings in Comcast were worth $2,179,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC increased its holdings in Comcast by 21.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,822 shares of the cable giant’s stock worth $369,000 after acquiring an additional 1,764 shares during the period. Davis Investment Partners LLC purchased a new stake in shares of Comcast in the fourth quarter worth $1,059,000. Persium Advisors LLC bought a new stake in Comcast during the fourth quarter valued at $555,000. Enterprise Bank & Trust Co grew its position in Comcast by 3.6% during the fourth quarter. Enterprise Bank & Trust Co now owns 12,782 shares of the cable giant’s stock worth $480,000 after buying an additional 450 shares in the last quarter. Finally, Forza Wealth Management LLC increased its stake in Comcast by 13.2% in the 4th quarter. Forza Wealth Management LLC now owns 17,579 shares of the cable giant’s stock worth $660,000 after acquiring an additional 2,050 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CMCSA shares. Loop Capital lowered their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. TD Cowen lowered their price target 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company cut their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Price Performance

Shares of Comcast stock traded up $0.09 on Monday, hitting $36.45. 18,860,108 shares of the company traded hands, compared to its average volume of 24,385,611. Comcast Co. has a 52 week low of $36.24 and a 52 week high of $47.11. The business has a 50-day simple moving average of $40.69 and a 200 day simple moving average of $40.26. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $139.48 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data 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 business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts expect that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is 33.33%.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.