Winch Advisory Services LLC Increases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Winch Advisory Services LLC raised its position in Comcast Co. (NASDAQ:CMCSA) by 269.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 688 shares of the cable giant’s stock after acquiring an additional 502 shares during the quarter. Winch Advisory Services LLC’s holdings in Comcast were worth $26,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. One Capital Management LLC bought a new stake in Comcast in the second quarter valued at $471,000. Perennial Investment Advisors LLC boosted its stake in shares of Comcast by 12.7% during the 2nd quarter. Perennial Investment Advisors LLC now owns 7,035 shares of the cable giant’s stock valued at $275,000 after purchasing an additional 790 shares in the last quarter. Axxcess Wealth Management LLC increased its position in shares of Comcast by 5.5% during the second quarter. Axxcess Wealth Management LLC now owns 140,102 shares of the cable giant’s stock valued at $5,486,000 after buying an additional 7,322 shares during the period. E Fund Management Co. Ltd. lifted its holdings in Comcast by 5.1% in the second quarter. E Fund Management Co. Ltd. now owns 58,078 shares of the cable giant’s stock worth $2,274,000 after buying an additional 2,843 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in Comcast by 5.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 873,614 shares of the cable giant’s stock valued at $34,211,000 after acquiring an additional 41,592 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. Finally, Barclays lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was 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. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Trading Up 0.3 %

Shares of NASDAQ:CMCSA opened at $36.50 on Thursday. The stock has a 50 day moving average of $40.44 and a 200 day moving average of $40.23. The company has a market cap of $139.67 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. 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 posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping 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 period in the prior year, the business posted $1.08 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) 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.