Sonora Investment Management Group LLC Increases Holdings in Comcast Co. (NASDAQ:CMCSA)

Sonora Investment Management Group LLC lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,169 shares of the cable giant’s stock after acquiring an additional 670 shares during the period. Sonora Investment Management Group LLC’s holdings in Comcast were worth $307,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in Comcast during the 3rd quarter worth approximately $30,000. McClarren Financial Advisors Inc. increased its position in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Iron Horse Wealth Management LLC lifted its stake in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC boosted its holdings in shares of Comcast by 54.8% in the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 directly owns 534,849 shares in the company, 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. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday. TD Cowen decreased their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays boosted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Comcast Price Performance

CMCSA stock opened at $33.66 on Friday. The company has a market cap of $128.80 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.36 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $38.80 and a 200-day moving average of $40.11. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. As a group, equities analysts expect that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.92%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.