Kestra Investment Management LLC Invests $2.54 Million in Comcast Co. (NASDAQ:CMCSA)

Kestra Investment Management LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,844 shares of the cable giant’s stock, valued at approximately $2,541,000.

Other large investors have also added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in shares of Comcast in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC purchased a new stake in Comcast during the second quarter valued at about $27,000. IAG Wealth Partners LLC grew its stake in shares of Comcast by 204.7% during the second 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 last quarter. McClarren Financial Advisors Inc. grew its stake in shares of 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 last quarter. Finally, Archer Investment Corp increased its holdings in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after buying an additional 519 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the topic of several recent research reports. KeyCorp raised their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Macquarie lifted their target price on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

Comcast Stock Up 1.5 %

Shares of NASDAQ:CMCSA opened at $43.19 on Friday. The firm has a market capitalization of $165.27 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.63 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a 50 day moving average price of $42.29 and a 200-day moving average price of $40.17. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, equities research analysts anticipate that Comcast Co. will post 4.26 EPS 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 paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. Comcast’s payout ratio is currently 33.33%.

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction that occurred 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 of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 owns 534,849 shares of the company’s stock, valued at approximately $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. Insiders own 1.26% of the company’s stock.

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.