Comcast Co. (NASDAQ:CMCSA) Shares Acquired by Ironwood Wealth Management LLC.

Ironwood Wealth Management LLC. boosted its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,760 shares of the cable giant’s stock after buying an additional 311 shares during the quarter. Ironwood Wealth Management LLC.’s holdings in Comcast were worth $691,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. United Bank grew its position in Comcast by 17.4% in the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock worth $1,745,000 after buying an additional 5,532 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Comcast by 29.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after purchasing an additional 928,627 shares during the period. Covestor Ltd boosted its stake in Comcast by 104.4% in the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after purchasing an additional 1,773 shares during the period. First Western Trust Bank acquired a new position in Comcast in the 1st quarter worth approximately $482,000. Finally, Wsfs Capital Management LLC boosted its stake in Comcast by 104.1% in the 1st quarter. Wsfs Capital Management LLC now owns 8,469 shares of the cable giant’s stock worth $397,000 after purchasing an additional 4,319 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMCSA. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Citigroup raised their price objective on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Wells Fargo & Company decreased their target price on shares of Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Comcast Stock Up 1.1 %

Comcast stock opened at $40.14 on Friday. The company has a market capitalization of $159.43 billion, a P/E ratio of 10.79, a P/E/G ratio of 0.99 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm’s fifty day simple moving average is $42.30 and its 200-day simple moving average is $42.92.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm 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%. Sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.09%. The ex-dividend date is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

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.