Graypoint LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Graypoint LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 33,854 shares of the cable giant’s stock after buying an additional 701 shares during the quarter. Graypoint LLC’s holdings in Comcast were worth $1,271,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in shares of Comcast during the 2nd quarter valued at about $26,000. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the 3rd quarter valued at about $30,000. Iron Horse Wealth Management LLC raised its position in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction 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. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $36.36 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day simple moving average is $40.69 and its two-hundred day simple moving average is $40.23. Comcast Co. has a one year low of $36.24 and a one year high of $47.11. The company has a market capitalization of $139.13 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period last year, the firm earned $1.08 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. Comcast’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. KeyCorp increased their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $47.33.

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.