Comcast Co. (NASDAQ:CMCSA) Stake Lifted by Accurate Wealth Management LLC

Accurate Wealth Management LLC increased its stake in Comcast Co. (NASDAQ:CMCSA) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,278 shares of the cable giant’s stock after acquiring an additional 697 shares during the period. Accurate Wealth Management LLC’s holdings in Comcast were worth $483,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantum Financial Advisors LLC boosted its holdings in Comcast by 5.6% during the fourth quarter. Quantum Financial Advisors LLC now owns 9,752 shares of the cable giant’s stock worth $366,000 after buying an additional 514 shares in the last quarter. Breakwater Capital Group boosted its holdings in Comcast by 10.8% during the fourth quarter. Breakwater Capital Group now owns 18,489 shares of the cable giant’s stock worth $694,000 after buying an additional 1,800 shares in the last quarter. Wallace Advisory Group LLC bought a new stake in Comcast during the fourth quarter worth approximately $183,000. 180 Wealth Advisors LLC boosted its holdings in Comcast by 4.4% during the fourth quarter. 180 Wealth Advisors LLC now owns 133,939 shares of the cable giant’s stock worth $5,027,000 after buying an additional 5,618 shares in the last quarter. Finally, MRA Advisory Group boosted its holdings in Comcast by 98.7% during the fourth quarter. MRA Advisory Group now owns 10,376 shares of the cable giant’s stock worth $389,000 after buying an additional 5,153 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of research reports. 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. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Macquarie restated a “neutral” rating and set a $42.00 target price on shares of Comcast in a report on Monday, January 6th. Loop Capital reduced their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Stock Up 0.3 %

CMCSA stock opened at $36.50 on Thursday. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market cap of $139.67 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.50 and a beta of 1.01. The company has a 50 day moving average of $40.44 and a two-hundred day moving average of $40.23.

Comcast (NASDAQ:CMCSA) last released its earnings results 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 net margin of 11.92% and a return on equity of 19.81%. The company 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 company’s revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid 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 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.