91,320 Shares in Comcast Corporation $CMCSA Purchased by Clear Trail Advisors LLC

Clear Trail Advisors LLC purchased a new stake in shares of Comcast Corporation (NASDAQ:CMCSA) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 91,320 shares of the cable giant’s stock, valued at approximately $2,730,000.

Several other hedge funds have also bought and sold shares of the business. Cape Investment Advisory Inc. increased its stake in shares of Comcast by 2.6% during the second quarter. Cape Investment Advisory Inc. now owns 12,275 shares of the cable giant’s stock valued at $438,000 after purchasing an additional 307 shares in the last quarter. Titleist Asset Management LLC boosted its position in shares of Comcast by 4.7% in the 2nd quarter. Titleist Asset Management LLC now owns 7,618 shares of the cable giant’s stock worth $272,000 after purchasing an additional 342 shares in the last quarter. Lakeshore Capital Group Inc. grew its stake in shares of Comcast by 2.6% in the 3rd quarter. Lakeshore Capital Group Inc. now owns 13,636 shares of the cable giant’s stock worth $428,000 after buying an additional 343 shares during the last quarter. Hengehold Capital Management LLC increased its position in Comcast by 0.5% during the 3rd quarter. Hengehold Capital Management LLC now owns 82,778 shares of the cable giant’s stock valued at $2,601,000 after buying an additional 372 shares in the last quarter. Finally, Commonwealth Financial Services LLC increased its position in Comcast by 4.6% during the 3rd quarter. Commonwealth Financial Services LLC now owns 8,429 shares of the cable giant’s stock valued at $265,000 after buying an additional 372 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.0%

CMCSA stock opened at $29.01 on Tuesday. The stock has a market capitalization of $104.37 billion, a P/E ratio of 5.40, a P/E/G ratio of 2.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1-year low of $25.75 and a 1-year high of $37.72. The business has a fifty day moving average price of $30.27 and a 200-day moving average price of $29.63.

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

Comcast Announces Dividend

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

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the completion of the sale, the chief executive officer directly owned 622,336 shares in the company, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on CMCSA. Benchmark dropped their target price on Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Morgan Stanley lowered their price target on Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. BNP Paribas Exane cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $27.00 price target on the stock. in a research note on Tuesday, February 24th. Scotiabank cut their price objective on shares of Comcast from $37.50 to $35.25 and set a “sector perform” rating on the stock in a research report on Friday, January 30th. Finally, TD Cowen reduced their price objective on shares of Comcast from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.87.

Comcast 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.