Shorepath Capital Management LLC Acquires 2,632 Shares of Comcast Co. (NASDAQ:CMCSA)

Shorepath Capital Management LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,331 shares of the cable giant’s stock after purchasing an additional 2,632 shares during the period. Comcast accounts for about 4.9% of Shorepath Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Shorepath Capital Management LLC’s holdings in Comcast were worth $6,880,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CMCSA. FMR LLC boosted its holdings in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. Dimensional Fund Advisors LP boosted its stake in Comcast by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 38,329,384 shares of the cable giant’s stock valued at $1,500,722,000 after purchasing an additional 1,000,626 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after buying an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after buying an additional 822,936 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several analyst reports. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. TD Cowen reduced their target price 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. Finally, Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.33.

Comcast Trading Up 0.2 %

Comcast stock opened at $36.45 on Tuesday. The firm has a market cap of $139.48 billion, a PE ratio of 9.80, a P/E/G ratio of 1.50 and a beta of 1.01. Comcast Co. has a 12 month low of $36.24 and a 12 month high of $47.11. 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’s 50 day simple moving average is $40.57 and its two-hundred day simple moving average is $40.25.

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

Comcast Dividend Announcement

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. This represents a $1.24 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Insider Transactions at Comcast

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

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.