Comcast Co. (NASDAQ:CMCSA) Shares Purchased by PFG Advisors

PFG Advisors raised its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,073 shares of the cable giant’s stock after buying an additional 5,159 shares during the period. PFG Advisors’ holdings in Comcast were worth $1,012,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Comcast by 1.9% during the 2nd quarter. State Street Corp now owns 160,119,465 shares of the cable giant’s stock valued at $6,652,964,000 after purchasing an additional 2,952,552 shares in the last quarter. Morgan Stanley increased its position in shares of Comcast by 15.2% in the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after acquiring an additional 7,084,451 shares in the last quarter. Norges Bank purchased a new position in shares of Comcast in the fourth quarter worth approximately $1,798,173,000. Northern Trust Corp increased its position in shares of Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after acquiring an additional 141,874 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Comcast by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock worth $1,245,022,000 after acquiring an additional 189,845 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMCSA. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company lifted their target price on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Evercore ISI restated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Finally, Rosenblatt Securities raised their price target on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.68.

Read Our Latest Report on CMCSA

Comcast Price Performance

Shares of Comcast stock opened at $43.35 on Monday. The firm has a fifty day simple moving average of $43.11 and a 200-day simple moving average of $43.20. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The stock has a market capitalization of $172.18 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.00 and a beta of 0.98.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Comcast’s dividend payout ratio is presently 31.18%.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.18% of the company’s stock.

About Comcast

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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