Compass Capital Corp MA ADV Invests $232,000 in Comcast Co. (NASDAQ:CMCSA)

Compass Capital Corp MA ADV purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, Holdings Channel reports. The firm purchased 6,180 shares of the cable giant’s stock, valued at approximately $232,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in shares of Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after acquiring an additional 132,442 shares during the last quarter. Lecap Asset Management Ltd. acquired a new position in Comcast during the third quarter worth $357,000. McAdam LLC boosted its position in shares of Comcast by 27.1% during the third quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock worth $523,000 after buying an additional 2,665 shares during the period. International Assets Investment Management LLC grew its stake in shares of Comcast by 5,414.9% in the third quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock valued at $62,959,000 after buying an additional 1,479,954 shares in the last quarter. Finally, DT Investment Partners LLC raised its holdings in shares of Comcast by 10.0% in the 3rd quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock valued at $323,000 after buying an additional 703 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of a number of research analyst reports. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $38.00 in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. KeyCorp increased their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Friday, January 31st. Finally, Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The stock was 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $36.26 on Friday. The stock’s 50-day simple moving average is $36.58 and its 200-day simple moving average is $39.58. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $137.08 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

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, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. Comcast’s payout ratio is 29.88%.

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.