Comcast Co. (NASDAQ:CMCSA) Position Boosted by Focus Financial Network Inc.

Focus Financial Network Inc. grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,501 shares of the cable giant’s stock after purchasing an additional 1,342 shares during the period. Focus Financial Network Inc.’s holdings in Comcast were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CMCSA. AMF Tjanstepension AB boosted its position in shares of Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares during the period. Wedge Capital Management L L P NC lifted its stake in Comcast by 5.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant’s stock worth $329,000 after acquiring an additional 390 shares in the last quarter. Creative Planning grew its stake in Comcast by 2.7% during the 3rd quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock valued at $40,080,000 after acquiring an additional 24,968 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Comcast by 5.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,166 shares of the cable giant’s stock valued at $675,000 after purchasing an additional 781 shares during the period. Finally, Sumitomo Life Insurance Co. lifted its position in shares of Comcast by 2.4% in the third quarter. Sumitomo Life Insurance Co. now owns 44,678 shares of the cable giant’s stock worth $1,866,000 after purchasing an additional 1,033 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Ten research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.13.

Comcast Stock Up 1.4 %

Shares of CMCSA stock opened at $35.38 on Friday. The stock’s 50 day simple moving average is $37.23 and its 200 day simple moving average is $39.79. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a market capitalization of $133.77 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is currently 29.88%.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’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 transaction of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’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 value of $1,087,620.83. Following the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % 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.

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.