Continuum Advisory LLC Acquires 2,058 Shares of Comcast Co. (NASDAQ:CMCSA)

Continuum Advisory LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,669 shares of the cable giant’s stock after acquiring an additional 2,058 shares during the period. Continuum Advisory LLC’s holdings in Comcast were worth $768,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Burke & Herbert Bank & Trust Co. lifted its position in shares of Comcast by 42.1% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 23,013 shares of the cable giant’s stock worth $901,000 after buying an additional 6,821 shares during the period. Maia Wealth LLC bought a new stake in shares of Comcast in the 2nd quarter worth about $269,000. ORG Partners LLC increased its position in shares of Comcast by 1,114.9% during the 2nd quarter. ORG Partners LLC now owns 3,098 shares of the cable giant’s stock worth $118,000 after purchasing an additional 2,843 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Comcast by 14.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 19,777 shares of the cable giant’s stock valued at $774,000 after purchasing an additional 2,485 shares during the last quarter. Finally, Sky Investment Group LLC boosted its position in Comcast by 1.3% in the second quarter. Sky Investment Group LLC now owns 76,446 shares of the cable giant’s stock valued at $2,994,000 after buying an additional 945 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CMCSA shares. TD Cowen dropped their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. Macquarie raised their target price on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, Wells Fargo & Company upped their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’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 completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % 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 Performance

Shares of CMCSA opened at $39.05 on Tuesday. The firm’s 50 day moving average price is $42.42 and its two-hundred day moving average price is $40.31. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market cap of $149.43 billion, a P/E ratio of 10.50, a PEG ratio of 1.63 and a beta of 0.99.

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. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. On average, analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed 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. 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 3.18%. Comcast’s dividend payout ratio is 33.33%.

Comcast Profile

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.