Callan Family Office LLC Buys 80,822 Shares of Comcast Co. (NASDAQ:CMCSA)

Callan Family Office LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1,302.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,027 shares of the cable giant’s stock after acquiring an additional 80,822 shares during the quarter. Callan Family Office LLC’s holdings in Comcast were worth $3,266,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CMCSA. Harbor Capital Advisors Inc. acquired a new position in shares of Comcast in the third quarter valued at about $44,000. United Advisor Group LLC acquired a new position in shares of Comcast during the 3rd quarter worth approximately $222,000. Avidian Wealth Enterprises LLC increased its holdings in shares of Comcast by 2.1% during the third quarter. Avidian Wealth Enterprises LLC now owns 16,058 shares of the cable giant’s stock worth $671,000 after purchasing an additional 327 shares during the period. Maia Wealth LLC raised its position in shares of Comcast by 38.4% in the third quarter. Maia Wealth LLC now owns 9,577 shares of the cable giant’s stock valued at $399,000 after buying an additional 2,656 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Comcast by 8.5% in the third quarter. Concurrent Investment Advisors LLC now owns 58,871 shares of the cable giant’s stock valued at $2,459,000 after buying an additional 4,605 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 2.0 %

CMCSA opened at $36.27 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company’s 50 day moving average price is $36.13 and its two-hundred day moving average price is $39.37. The firm has a market capitalization of $137.14 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Citigroup dropped their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group dropped their price target on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Rosenblatt Securities reduced their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

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.