7,000 Shares in Comcast Co. (NASDAQ:CMCSA) Acquired by Agate Pass Investment Management LLC

Agate Pass Investment Management LLC purchased a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,000 shares of the cable giant’s stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of the business. Capital Investment Advisors LLC lifted its holdings in shares of Comcast by 9.0% during the 4th quarter. Capital Investment Advisors LLC now owns 50,256 shares of the cable giant’s stock valued at $1,886,000 after acquiring an additional 4,148 shares in the last quarter. Brookstone Capital Management raised its position in Comcast by 7.1% in the fourth quarter. Brookstone Capital Management now owns 212,982 shares of the cable giant’s stock valued at $7,993,000 after purchasing an additional 14,128 shares during the period. Trust Co. of Toledo NA OH boosted its position in shares of Comcast by 11.8% in the fourth quarter. Trust Co. of Toledo NA OH now owns 80,742 shares of the cable giant’s stock worth $3,030,000 after buying an additional 8,517 shares during the period. Fiduciary Alliance LLC grew its stake in shares of Comcast by 982.8% in the fourth quarter. Fiduciary Alliance LLC now owns 79,110 shares of the cable giant’s stock valued at $2,969,000 after buying an additional 71,804 shares in the last quarter. Finally, City Center Advisors LLC boosted its stake in shares of Comcast by 10.4% in the fourth quarter. City Center Advisors LLC now owns 13,355 shares of the cable giant’s stock valued at $501,000 after purchasing an additional 1,253 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CMCSA. Loop Capital cut their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, January 2nd. Barclays increased their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Price Performance

CMCSA traded up $0.07 during trading on Monday, reaching $36.43. The stock had a trading volume of 6,293,180 shares, compared to its average volume of 22,574,123. Comcast Co. has a 1-year low of $36.24 and a 1-year high of $47.11. The firm has a market capitalization of $139.40 billion, a price-to-earnings ratio of 9.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The stock has a 50 day moving average of $40.69 and a two-hundred day moving average of $40.26. 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 (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. As a group, equities analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. Comcast’s dividend payout ratio is currently 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.