Flywheel Private Wealth LLC Takes Position in Comcast Co. (NASDAQ:CMCSA)

Flywheel Private Wealth LLC purchased a new position in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 5,654 shares of the cable giant’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Comcast during the second quarter valued at approximately $26,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. McClarren Financial Advisors Inc. increased its stake in 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 purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Comcast during the third quarter worth $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 valued at $32,000 after buying an additional 522 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Stock Performance

Shares of CMCSA opened at $36.50 on Thursday. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. 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 stock’s fifty day moving average price is $40.44 and its two-hundred day moving average price is $40.23. The firm has a market cap of $139.67 billion, a PE ratio of 9.81, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced 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. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.08 EPS. On average, equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

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.