Comcast Co. (NASDAQ:CMCSA) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 290.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 149,314 shares of the cable giant’s stock after acquiring an additional 111,092 shares during the period. Benjamin Edwards Inc.’s holdings in Comcast were worth $6,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Koshinski Asset Management Inc. raised its stake in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Taurus Asset Management LLC increased its position in shares of Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after buying an additional 253 shares during the period. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its holdings in Comcast by 2.7% during the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after acquiring an additional 261 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now 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 legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This 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 corporate insiders.

Comcast Stock Down 1.0 %

NASDAQ CMCSA opened at $42.86 on Wednesday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The stock has a market capitalization of $164.01 billion, a PE ratio of 11.52, a PEG ratio of 1.64 and a beta of 0.99. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50-day moving average is $42.37 and its 200 day moving average is $40.23.

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

Comcast Dividend Announcement

The business 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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CMCSA shares. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. Macquarie upped their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Finally, TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.19.

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.