Alliance Wealth Advisors LLC UT Buys 969 Shares of Comcast Co. (NASDAQ:CMCSA)

Alliance Wealth Advisors LLC UT boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,442 shares of the cable giant’s stock after purchasing an additional 969 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Comcast were worth $354,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Comcast by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after acquiring an additional 416,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after acquiring an additional 1,717,762 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in shares of Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock worth $667,620,000 after purchasing an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Comcast by 4.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after purchasing an additional 676,920 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction 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. This trade represents a 3.40 % decrease in their position. 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 Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, 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. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $48.00 to $44.50 in a research note on Monday. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Citigroup cut their price target on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Trading Up 1.1 %

Shares of NASDAQ:CMCSA opened at $33.55 on Wednesday. The company has a 50-day simple moving average of $38.41 and a 200 day simple moving average of $40.02. The company has a market capitalization of $128.38 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.38.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts forecast that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 29.88%.

Comcast Company 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.