Diversified Trust Co Purchases 15,305 Shares of Comcast Co. (NASDAQ:CMCSA)

Diversified Trust Co raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 223,567 shares of the cable giant’s stock after purchasing an additional 15,305 shares during the quarter. Diversified Trust Co’s holdings in Comcast were worth $8,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. Fairscale Capital LLC purchased a new position in Comcast during the second quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter worth about $30,000. McClarren Financial Advisors Inc. lifted 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. Iron Horse Wealth Management LLC increased its holdings in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the firm’s 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 transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.33.

Comcast Trading Down 0.1 %

NASDAQ CMCSA traded down $0.02 on Tuesday, hitting $37.47. 2,724,220 shares of the stock were exchanged, compared to its average volume of 20,758,703. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a market capitalization of $143.38 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.50 and a beta of 1.01. The stock has a fifty day moving average price of $41.16 and a two-hundred day moving average price of $40.30.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. Research analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Comcast Company 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.