TRUE Private Wealth Advisors Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

TRUE Private Wealth Advisors lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,647 shares of the cable giant’s stock after buying an additional 1,309 shares during the period. TRUE Private Wealth Advisors’ holdings in Comcast were worth $774,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Keystone Financial Services boosted its holdings in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares during the period. Capital Investment Advisors LLC raised its position in Comcast by 0.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Ironwood Financial llc raised its position in Comcast by 1.6% during the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after purchasing an additional 238 shares during the last quarter. Welch Group LLC raised its position in Comcast by 4.4% during the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after purchasing an additional 239 shares during the last quarter. Finally, Tradewinds LLC. raised its position in Comcast by 1.3% during the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after purchasing an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Citigroup upped their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Rosenblatt Securities upped their price target on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Insider Transactions at Comcast

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

Comcast Stock Down 0.3 %

CMCSA traded down $0.13 during trading on Wednesday, hitting $38.99. 4,449,366 shares of the company’s stock traded hands, compared to its average volume of 20,459,617. The company’s 50 day simple moving average is $41.97 and its two-hundred day simple moving average is $42.79. 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 12-month low of $36.38 and a 12-month high of $47.46. The stock has a market capitalization of $154.86 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 0.96 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Analysts predict that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. 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 dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.