Brookstone Capital Management Buys 14,128 Shares of Comcast Co. (NASDAQ:CMCSA)

Brookstone Capital Management boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,982 shares of the cable giant’s stock after purchasing an additional 14,128 shares during the period. Brookstone Capital Management’s holdings in Comcast were worth $7,993,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CMCSA. Fairscale Capital LLC purchased a new stake in Comcast during the second quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter valued at $30,000. McClarren Financial Advisors Inc. increased its stake in shares of 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 purchasing an additional 570 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in 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 purchasing an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its holdings in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. KeyCorp lifted their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price 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, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Price Performance

CMCSA stock opened at $36.45 on Tuesday. The company has a fifty day simple moving average of $40.57 and a two-hundred day simple moving average of $40.25. Comcast Co. has a 52 week low of $36.24 and a 52 week high of $47.11. 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 market capitalization of $139.48 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping 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 company had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same quarter last year, the business posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued 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 3.40%. Comcast’s payout ratio is presently 33.33%.

Insiders Place Their Bets

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the 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 sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This 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 owned by insiders.

Comcast Company 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.