World Equity Group Inc. Purchases 407 Shares of Comcast Co. (NASDAQ:CMCSA)

World Equity Group Inc. increased its position in Comcast Co. (NASDAQ:CMCSA) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,601 shares of the cable giant’s stock after buying an additional 407 shares during the quarter. World Equity Group Inc.’s holdings in Comcast were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. MONECO Advisors LLC lifted its position in Comcast by 21.9% in the 4th quarter. MONECO Advisors LLC now owns 7,877 shares of the cable giant’s stock worth $296,000 after buying an additional 1,413 shares during the last quarter. Howard Capital Management Inc. lifted its position in Comcast by 3.2% in the 4th quarter. Howard Capital Management Inc. now owns 126,353 shares of the cable giant’s stock worth $4,742,000 after buying an additional 3,910 shares during the last quarter. Wealthspire Advisors LLC lifted its position in Comcast by 29.4% in the 4th quarter. Wealthspire Advisors LLC now owns 64,728 shares of the cable giant’s stock worth $2,429,000 after buying an additional 14,696 shares during the last quarter. TCW Group Inc. lifted its position in Comcast by 17.4% in the 4th quarter. TCW Group Inc. now owns 1,419,292 shares of the cable giant’s stock worth $53,266,000 after buying an additional 210,020 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new stake in Comcast in the 4th quarter worth approximately $25,951,000. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark dropped their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company lowered their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $48.00 to $44.50 in a research report on Monday, February 3rd. Finally, Citigroup lowered their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Trading Down 0.4 %

CMCSA opened at $36.26 on Monday. The stock has a market cap of $137.08 billion, a PE ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average of $36.58 and a 200-day moving average of $39.59. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts predict that Comcast Co. will post 4.33 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 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.