73,500 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 73,500 shares of the cable giant’s stock, valued at approximately $2,758,000.

A number of other hedge funds have also bought and sold shares of CMCSA. AMF Tjanstepension AB grew its stake in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in Comcast by 11.2% during the third quarter. Foundations Investment Advisors LLC now owns 40,941 shares of the cable giant’s stock worth $1,710,000 after buying an additional 4,128 shares in the last quarter. Eastern Bank grew its stake in Comcast by 67.4% during the third quarter. Eastern Bank now owns 17,295 shares of the cable giant’s stock worth $722,000 after buying an additional 6,963 shares in the last quarter. Metropolis Capital Ltd grew its stake in Comcast by 8.0% during the third quarter. Metropolis Capital Ltd now owns 8,442,392 shares of the cable giant’s stock worth $352,639,000 after buying an additional 627,464 shares in the last quarter. Finally, Community Trust & Investment Co. grew its stake in Comcast by 0.6% during the third quarter. Community Trust & Investment Co. now owns 80,513 shares of the cable giant’s stock worth $3,363,000 after buying an additional 518 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Stock Up 0.4 %

Comcast stock opened at $36.48 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The firm has a 50 day moving average price of $36.73 and a two-hundred day moving average price of $39.62. The firm has a market cap of $137.93 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.73 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen reduced their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 transaction, the president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.