Persium Advisors LLC Purchases New Holdings in Comcast Co. (NASDAQ:CMCSA)

Persium Advisors LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,801 shares of the cable giant’s stock, valued at approximately $555,000.

Several other institutional investors also recently bought and sold shares of the company. Koshinski Asset Management Inc. raised its stake in Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares during the period. Taurus Asset Management LLC lifted its holdings in shares of Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares in the last quarter. Regent Peak Wealth Advisors LLC grew its position in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC increased its stake in Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after buying an additional 261 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction 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 sale, the chief executive officer now 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 disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of CMCSA traded up $0.04 during mid-day trading on Monday, reaching $36.40. 12,899,916 shares of the stock traded hands, compared to its average volume of 23,391,314. The company has a market cap of $139.29 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. 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 firm has a fifty day moving average price of $40.69 and a 200 day moving average price of $40.26. Comcast Co. has a 1 year low of $36.24 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the business earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities research analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.41%. Comcast’s payout ratio is currently 33.33%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. Macquarie reaffirmed a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $47.33.

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.