Butensky & Cohen Financial Security Inc. Acquires 2,803 Shares of Comcast Co. (NASDAQ:CMCSA)

Butensky & Cohen Financial Security Inc. raised its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,552 shares of the cable giant’s stock after purchasing an additional 2,803 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Comcast were worth $4,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wilmington Savings Fund Society FSB grew its holdings in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. FMR LLC boosted its position in shares of Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. AQR Capital Management LLC grew its stake in shares of Comcast by 92.1% during the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after buying an additional 4,182,525 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after buying an additional 2,885,370 shares during the period. Finally, Darsana Capital Partners LP lifted its stake in shares of Comcast by 26.7% during the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after acquiring an additional 2,000,000 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Benchmark restated a “buy” rating and set a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Up 0.7 %

CMCSA stock opened at $36.58 on Friday. Comcast Co. has a one year low of $36.15 and a one year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day moving average is $40.11 and its 200 day moving average is $40.18. The firm has a market cap of $139.97 billion, a PE ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, research analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 annualized dividend and a yield of 3.39%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast 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.