Diversify Wealth Management LLC Acquires 35,704 Shares of Comcast Co. (NASDAQ:CMCSA)

Diversify Wealth Management LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 72.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,821 shares of the cable giant’s stock after acquiring an additional 35,704 shares during the quarter. Diversify Wealth Management LLC’s holdings in Comcast were worth $3,084,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC bought a new position in shares of Comcast in the 2nd quarter worth approximately $26,000. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter valued at $30,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Wells Fargo & Company decreased their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley downgraded shares of Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $45.00 in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Price Performance

Shares of CMCSA stock opened at $36.58 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50-day simple moving average is $39.97 and its two-hundred day simple moving average is $40.18. The company has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01. Comcast Co. has a one year low of $36.15 and a one year high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.39%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated 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 completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.