91,815 Shares in Comcast Co. (NASDAQ:CMCSA) Bought by Strid Group LLC

Strid Group LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 91,815 shares of the cable giant’s stock, valued at approximately $3,446,000. Comcast comprises 0.5% of Strid Group LLC’s holdings, making the stock its 19th biggest holding.

Several other institutional investors have also added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. lifted its stake in Comcast by 0.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 249 shares in the last quarter. Taurus Asset Management LLC raised its holdings in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after acquiring an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its position in shares of Comcast by 3.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after acquiring an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Comcast by 4.7% during the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares during the last quarter. Finally, Arvest Investments Inc. increased its position in Comcast by 1.0% during the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock worth $1,137,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were 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 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 is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at $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. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft raised their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Barclays decreased their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $34.37 on Friday. The company has a market capitalization of $131.52 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.23 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The business has a 50-day moving average of $37.89 and a 200-day moving average of $39.89.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.84%. Comcast’s payout ratio is 29.88%.

Comcast 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.