S.E.E.D. Planning Group LLC Has $1.81 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

S.E.E.D. Planning Group LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 13.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,309 shares of the cable giant’s stock after buying an additional 5,795 shares during the period. S.E.E.D. Planning Group LLC’s holdings in Comcast were worth $1,813,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CMCSA. Federated Hermes Inc. increased its position in Comcast by 4.5% during the second quarter. Federated Hermes Inc. now owns 311,153 shares of the cable giant’s stock worth $12,185,000 after acquiring an additional 13,491 shares during the period. One Capital Management LLC bought a new position in shares of Comcast during the second quarter worth approximately $471,000. Wulff Hansen & CO. increased its holdings in shares of Comcast by 3,816.0% during the second quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock worth $21,866,000 after purchasing an additional 544,123 shares during the period. Luts & Greenleigh Group Inc. acquired a new stake in shares of Comcast in the second quarter valued at approximately $254,000. Finally, Excalibur Management Corp boosted its stake in shares of Comcast by 25.2% in the second quarter. Excalibur Management Corp now owns 9,215 shares of the cable giant’s stock valued at $361,000 after buying an additional 1,853 shares during the period. 84.32% of the stock is owned by institutional investors.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’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 sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 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 target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Loop Capital reduced their price objective on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Finally, Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Price Performance

Comcast stock opened at $36.38 on Wednesday. The stock has a 50-day moving average price of $40.44 and a two-hundred day moving average price of $40.23. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The company has a market capitalization of $139.21 billion, a PE ratio of 9.78, a P/E/G ratio of 1.50 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.41%. 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.