AFG Fiduciary Services Limited Partnership Makes New $624,000 Investment in Comcast Corporation $CMCSA

AFG Fiduciary Services Limited Partnership acquired a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,880 shares of the cable giant’s stock, valued at approximately $624,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC raised its holdings in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Comcast in the 2nd quarter valued at $29,000. Imprint Wealth LLC bought a new stake in shares of Comcast in the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Comcast during the second quarter worth $31,000. Finally, United Financial Planning Group LLC acquired a new stake in shares of Comcast during the third quarter worth $28,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares in the company, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $28.98 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96. Comcast Corporation has a twelve month low of $25.75 and a twelve month high of $37.72. The stock’s 50 day moving average is $30.26 and its 200-day moving average is $29.76. The firm has a market capitalization of $104.27 billion, a price-to-earnings ratio of 5.40, a PEG ratio of 2.23 and a beta of 0.79.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business had revenue of $32.31 billion during the quarter, compared to the consensus estimate of $32.35 billion. During the same quarter last year, the firm posted $0.96 EPS. Comcast’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 1st will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 annualized dividend and a yield of 4.6%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CMCSA. Zacks Research lowered Comcast from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Wall Street Zen upgraded Comcast to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley dropped their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $34.87.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.