Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 26.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,396 shares of the cable giant’s stock after buying an additional 1,132 shares during the quarter. Versant Capital Management Inc’s holdings in Comcast were worth $203,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Fairscale Capital LLC purchased a new stake in shares of Comcast in the second quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the second quarter valued at approximately $27,000. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter worth approximately $30,000. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $37.67 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $144.15 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.50 and a beta of 0.99. The business has a 50 day simple moving average of $41.33 and a 200-day simple moving average of $40.25.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company earned $1.08 EPS. Equities research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.29%. Comcast’s payout ratio is 33.33%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. TD Cowen lowered their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. KeyCorp lifted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Macquarie upped their price target on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.39.

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.