Pinnacle Wealth Management Advisory Group LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Pinnacle Wealth Management Advisory Group LLC raised its stake in Comcast Co. (NASDAQ:CMCSA) by 32.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,515 shares of the cable giant’s stock after purchasing an additional 6,223 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Comcast were worth $958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. AMF Tjanstepension AB lifted its holdings in shares of Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after acquiring an additional 132,442 shares during the last quarter. Creative Planning grew its stake in shares of Comcast by 2.7% during the third quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock valued at $40,080,000 after buying an additional 24,968 shares during the last quarter. Net Worth Advisory Group bought a new stake in shares of Comcast in the 3rd quarter valued at about $590,000. Blue Trust Inc. increased its stake in Comcast by 15.8% in the 3rd quarter. Blue Trust Inc. now owns 45,891 shares of the cable giant’s stock worth $1,797,000 after purchasing an additional 6,274 shares during the period. Finally, Capital Investment Advisors LLC boosted its stake in shares of Comcast by 28.0% during the third quarter. Capital Investment Advisors LLC now owns 46,108 shares of the cable giant’s stock valued at $1,926,000 after purchasing an additional 10,081 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CMCSA shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company cut their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average price target of $44.13.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’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 completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction 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 of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Price Performance

Shares of CMCSA opened at $35.39 on Monday. The firm has a 50 day moving average of $36.93 and a 200 day moving average of $39.71. 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 Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a market capitalization of $133.81 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

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

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.