Second Line Capital LLC Has $315,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Second Line Capital LLC raised its position in shares of Comcast Co. (NASDAQ:CMCSA) by 37.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,540 shares of the cable giant’s stock after buying an additional 2,038 shares during the quarter. Second Line Capital LLC’s holdings in Comcast were worth $315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC purchased a new position in Comcast during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast during the second quarter worth approximately $27,000. IAG Wealth Partners LLC increased its stake in Comcast by 204.7% in the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. lifted its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast during the 3rd quarter valued at $30,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $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 corporate insiders.

Comcast Stock Performance

NASDAQ:CMCSA opened at $39.53 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $42.42 and a 200 day moving average price of $40.31. The firm has a market capitalization of $151.26 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.63 and a beta of 0.99. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the business earned $1.08 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CMCSA shares. Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company increased their price target on shares of Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.19.

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.