Aaron Wealth Advisors LLC Lowers Position in Comcast Co. (NASDAQ:CMCSA)

Aaron Wealth Advisors LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,050 shares of the cable giant’s stock after selling 932 shares during the period. Aaron Wealth Advisors LLC’s holdings in Comcast were worth $790,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Comcast during the second quarter worth about $26,000. Winch Advisory Services LLC grew its stake 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 worth $26,000 after buying an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings 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 valued at $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the 3rd quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $36.58 on Friday. The company has a fifty day simple moving average of $39.97 and a two-hundred day simple moving average of $40.16. Comcast Co. has a 52 week low of $36.15 and a 52 week 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 firm has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01.

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, beating 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 analyst estimates of $31.78 billion. During the same period last year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several research analyst reports. Loop Capital reduced 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. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Wells Fargo & Company lowered their price target on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred 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 transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on 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 directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. 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.