Cidel Asset Management Inc. Acquires 2,348 Shares of Comcast Co. (NASDAQ:CMCSA)

Cidel Asset Management Inc. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 66,067 shares of the cable giant’s stock after acquiring an additional 2,348 shares during the period. Cidel Asset Management Inc.’s holdings in Comcast were worth $2,479,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Joel Isaacson & Co. LLC lifted its holdings in shares of Comcast by 2.4% in the fourth quarter. Joel Isaacson & Co. LLC now owns 166,295 shares of the cable giant’s stock valued at $6,241,000 after purchasing an additional 3,821 shares in the last quarter. Northstar Group Inc. raised its stake in shares of Comcast by 5.6% during the 4th quarter. Northstar Group Inc. now owns 7,575 shares of the cable giant’s stock valued at $284,000 after purchasing an additional 403 shares during the period. Lecap Asset Management Ltd. boosted its holdings in Comcast by 508.9% in the 4th quarter. Lecap Asset Management Ltd. now owns 52,017 shares of the cable giant’s stock valued at $1,952,000 after purchasing an additional 43,474 shares during the period. Golden State Wealth Management LLC bought a new position in Comcast in the 4th quarter worth about $143,000. Finally, Archer Investment Corp lifted its position in Comcast by 502.4% during the fourth quarter. Archer Investment Corp now owns 8,398 shares of the cable giant’s stock valued at $315,000 after purchasing an additional 7,004 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Price Performance

Comcast stock opened at $34.37 on Friday. The firm has a fifty day moving average of $37.89 and a 200-day moving average of $39.89. The firm has a market capitalization of $131.52 billion, a P/E ratio of 8.28, a PEG ratio of 1.23 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts predict that Comcast Co. will post 4.4 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 29.88%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CMCSA shares. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Benchmark lowered their price objective on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Barclays dropped their target price on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Citigroup lowered their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Activity

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

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.