Wealthcare Advisory Partners LLC Has $1.36 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Wealthcare Advisory Partners LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,197 shares of the cable giant’s stock after selling 2,566 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Comcast were worth $1,358,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Wilmington Savings Fund Society FSB lifted its holdings in Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the last quarter. FMR LLC lifted its stake in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares during the period. Public Sector Pension Investment Board grew its stake in Comcast by 530.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after buying an additional 2,885,370 shares during the last quarter. Finally, Darsana Capital Partners LP raised its holdings in Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after acquiring an additional 2,000,000 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, 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 research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Comcast Trading Up 0.7 %

Shares of CMCSA stock opened at $36.58 on Friday. 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 fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a market cap of $139.97 billion, a PE ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. The stock’s fifty day moving average price is $39.97 and its two-hundred day moving average price is $40.16.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the firm posted $1.08 earnings per share. Comcast’s revenue was up 6.5% compared to the same quarter last year. Equities analysts predict that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced 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 is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. 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.