Joel Isaacson & Co. LLC Raises Holdings in Comcast Co. (NASDAQ:CMCSA)

Joel Isaacson & Co. LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 2.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 166,295 shares of the cable giant’s stock after buying an additional 3,821 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Comcast were worth $6,241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Winch Advisory Services LLC boosted its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast during the third quarter worth about $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 raised its position in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after purchasing an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC boosted its stake in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on CMCSA. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Bank of America lowered Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Benchmark dropped their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Stock Down 0.3 %

Shares of NASDAQ CMCSA opened at $34.37 on Friday. The firm’s 50 day moving average price is $37.89 and its 200 day moving average price is $39.89. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The firm has a market cap of $131.52 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 29.88%.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s 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 owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.