Portfolio Design Labs LLC Invests $294,000 in Comcast Co. (NASDAQ:CMCSA)

Portfolio Design Labs LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,831 shares of the cable giant’s stock, valued at approximately $294,000.

Other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB raised its stake in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the period. Wedge Capital Management L L P NC raised its stake in Comcast by 5.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant’s stock valued at $329,000 after purchasing an additional 390 shares during the period. Creative Planning raised 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 purchasing an additional 24,968 shares during the period. Swedbank AB raised its stake in Comcast by 2.2% during the 3rd quarter. Swedbank AB now owns 2,081,809 shares of the cable giant’s stock valued at $86,957,000 after purchasing an additional 45,327 shares during the period. Finally, Regatta Capital Group LLC raised its stake in Comcast by 10.2% during the 3rd quarter. Regatta Capital Group LLC now owns 12,067 shares of the cable giant’s stock valued at $504,000 after purchasing an additional 1,118 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. KeyCorp lifted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Loop Capital reduced their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Ten equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Comcast Price Performance

CMCSA opened at $34.90 on Thursday. The business has a fifty day moving average of $37.38 and a 200 day moving average of $39.82. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market cap of $131.96 billion, a P/E ratio of 8.41, a PEG ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.78%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 29.88%.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $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 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.