Accurate Wealth Management LLC Boosts Stake in Comcast Co. (NASDAQ:CMCSA)

Accurate Wealth Management LLC boosted its holdings in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 6.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,942 shares of the cable giant’s stock after buying an additional 499 shares during the period. Accurate Wealth Management LLC’s holdings in Comcast were worth $301,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CMCSA. Foundations Investment Advisors LLC boosted its holdings in shares of Comcast by 49.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 49,826 shares of the cable giant’s stock valued at $1,742,000 after purchasing an additional 16,395 shares during the last quarter. Community Trust & Investment Co. lifted its holdings in shares of Comcast by 0.5% in the 4th quarter. Community Trust & Investment Co. now owns 79,448 shares of the cable giant’s stock valued at $2,778,000 after acquiring an additional 408 shares during the last quarter. MADDEN SECURITIES Corp bought a new position in shares of Comcast in the 4th quarter valued at about $76,000. RDA Financial Network lifted its holdings in shares of Comcast by 3.8% in the 4th quarter. RDA Financial Network now owns 9,752 shares of the cable giant’s stock valued at $341,000 after acquiring an additional 358 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of Comcast in the 4th quarter valued at about $5,691,000. Hedge funds and other institutional investors own 82.23% of the company’s stock.

Comcast Stock Down 0.6 %

Shares of NASDAQ CMCSA opened at $36.03 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average price of $38.18 and a 200 day moving average price of $35.10. Comcast Co. has a 52 week low of $28.39 and a 52 week high of $48.42. The stock has a market capitalization of $151.90 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 0.76 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Comcast had a net margin of 4.42% and a return on equity of 18.40%. The business had revenue of $30.55 billion during the quarter, compared to the consensus estimate of $30.36 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 3.64 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.22%. This is a boost from Comcast’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, April 4th. Comcast’s payout ratio is 90.76%.

Analyst Ratings Changes

CMCSA has been the subject of a number of analyst reports. KGI Securities downgraded shares of Comcast from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 22nd. Barclays increased their price target on shares of Comcast from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. Truist Financial raised shares of Comcast from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, January 5th. JPMorgan Chase & Co. raised their price objective on shares of Comcast from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Finally, TheStreet raised shares of Comcast from a “c” rating to a “b-” rating in a research note on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.29.

Insider Buying and Selling at Comcast

In other news, major shareholder Corp Comcast sold 1,977,877 shares of the business’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $3.27, for a total transaction of $6,467,657.79. Following the transaction, the insider now directly owns 28,902,123 shares of the company’s stock, valued at $94,509,942.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 7,527,791 shares of company stock valued at $19,025,007 over the last ninety days. Corporate insiders own 1.11% of the company’s stock.

Comcast Company Profile

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.