Welch & Forbes LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Welch & Forbes LLC lifted its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 897,184 shares of the cable giant’s stock after buying an additional 44,143 shares during the quarter. Welch & Forbes LLC’s holdings in Comcast were worth $40,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CMCSA. Roof Eidam & Maycock ADV purchased a new position in Comcast during the 4th quarter worth $818,000. Gilman Hill Asset Management LLC raised its holdings in shares of Comcast by 2.8% during the fourth quarter. Gilman Hill Asset Management LLC now owns 12,059 shares of the cable giant’s stock valued at $542,000 after buying an additional 325 shares during the last quarter. BTR Capital Management Inc. raised its holdings in shares of Comcast by 3.4% during the fourth quarter. BTR Capital Management Inc. now owns 12,119 shares of the cable giant’s stock valued at $545,000 after buying an additional 400 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Comcast by 10.0% during the fourth quarter. IFP Advisors Inc now owns 33,672 shares of the cable giant’s stock valued at $1,518,000 after buying an additional 3,058 shares during the last quarter. Finally, Violich Capital Management Inc. raised its holdings in shares of Comcast by 293.0% during the fourth quarter. Violich Capital Management Inc. now owns 67,496 shares of the cable giant’s stock valued at $3,035,000 after buying an additional 50,320 shares during the last quarter. Hedge funds and other institutional investors own 82.54% of the company’s stock.

In other Comcast news, EVP David N. Watson sold 78,100 shares of Comcast stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $43.67, for a total transaction of $3,410,627.00. Following the transaction, the executive vice president now directly owns 564,424 shares in the company, valued at approximately $24,648,396.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 508,248 shares of Comcast stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $44.98, for a total transaction of $22,860,995.04. Following the transaction, the chief executive officer now owns 4,108,522 shares in the company, valued at $184,801,319.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 591,948 shares of company stock worth $26,526,254. 1.35% of the stock is currently owned by company insiders.

Shares of NASDAQ CMCSA traded up $0.59 during mid-day trading on Friday, reaching $47.46. 10,637,299 shares of the company traded hands, compared to its average volume of 19,008,648. Comcast Co. has a fifty-two week low of $34.67 and a fifty-two week high of $47.27. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $209.40 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05. The stock has a fifty day simple moving average of $44.46 and a 200-day simple moving average of $44.47.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 24th. The cable giant reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.04. Comcast had a net margin of 11.45% and a return on equity of 17.97%. The business had revenue of $26.83 billion for the quarter, compared to analyst estimates of $26.77 billion. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, analysts predict that Comcast Co. will post 3.1 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.21 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $0.84 annualized dividend and a yield of 1.77%. Comcast’s dividend payout ratio (DPR) is 32.94%.

A number of equities research analysts have recently weighed in on CMCSA shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $52.00 price target on shares of Comcast in a report on Wednesday. TD Securities cut their price target on Comcast from $57.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Morgan Stanley set a $53.00 price target on Comcast and gave the company a “buy” rating in a report on Friday, October 25th. BidaskClub cut Comcast from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Finally, Sanford C. Bernstein started coverage on Comcast in a report on Tuesday, October 15th. They set a “market perform” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $50.52.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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