Signal Advisors Wealth LLC Has $582,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Signal Advisors Wealth LLC grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 192.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,517 shares of the cable giant’s stock after acquiring an additional 10,215 shares during the period. Signal Advisors Wealth LLC’s holdings in Comcast were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CMCSA. Greenfield Savings Bank boosted its holdings in shares of Comcast by 1.3% during the 4th quarter. Greenfield Savings Bank now owns 42,480 shares of the cable giant’s stock worth $1,594,000 after buying an additional 528 shares during the period. Shorepath Capital Management LLC raised its holdings in Comcast by 1.5% in the 4th quarter. Shorepath Capital Management LLC now owns 183,331 shares of the cable giant’s stock valued at $6,880,000 after acquiring an additional 2,632 shares during the period. Cullen Investment Group LTD. lifted its position in Comcast by 1.3% during the fourth quarter. Cullen Investment Group LTD. now owns 240,762 shares of the cable giant’s stock worth $9,036,000 after acquiring an additional 3,005 shares during the last quarter. Exeter Financial LLC boosted its holdings in shares of Comcast by 1.8% during the fourth quarter. Exeter Financial LLC now owns 68,239 shares of the cable giant’s stock worth $2,561,000 after acquiring an additional 1,200 shares during the period. Finally, First Financial Corp IN grew its position in shares of Comcast by 8.4% in the fourth quarter. First Financial Corp IN now owns 27,497 shares of the cable giant’s stock valued at $1,032,000 after purchasing an additional 2,138 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s 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. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction 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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Down 0.2 %

Shares of NASDAQ CMCSA opened at $36.38 on Wednesday. The company has a 50 day simple moving average of $40.44 and a 200 day simple moving average of $40.23. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11. The firm has a market cap of $139.21 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly 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 net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

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 given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on CMCSA. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $45.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.33.

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.