Romano Brothers AND Company Has $221,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Romano Brothers AND Company reduced its position in Comcast Co. (NASDAQ:CMCSA) by 35.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,888 shares of the cable giant’s stock after selling 3,164 shares during the quarter. Romano Brothers AND Company’s holdings in Comcast were worth $221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Comcast during the second quarter worth $26,000. Winch Advisory Services LLC increased its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Comcast during the third quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC grew its holdings in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 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 position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $45.00 in a report on Monday, December 16th. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Stock Performance

NASDAQ CMCSA opened at $36.58 on Monday. The stock has a market cap of $139.97 billion, a P/E ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The company’s 50-day simple moving average is $39.97 and its 200 day simple moving average is $40.18.

Comcast (NASDAQ:CMCSA) last issued its 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 business had revenue of $32.07 billion during 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%. Comcast’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 EPS. As a group, research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s dividend payout ratio 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.