6,777 Shares in Comcast Co. (NASDAQ:CMCSA) Purchased by Panoramic Capital Partners LLC

Panoramic Capital Partners LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,777 shares of the cable giant’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB increased its position in Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Comcast by 0.8% in the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 249 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Comcast by 10.1% during the third quarter. Sound Income Strategies LLC now owns 3,945 shares of the cable giant’s stock worth $165,000 after acquiring an additional 363 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in Comcast by 14.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,099 shares of the cable giant’s stock worth $1,132,000 after acquiring an additional 3,332 shares in the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of Comcast by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 158,177 shares of the cable giant’s stock worth $6,607,000 after purchasing an additional 3,310 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred 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 completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade 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.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Ten 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Trading Up 0.3 %

Shares of CMCSA stock opened at $34.47 on Tuesday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72. The firm’s 50-day simple moving average is $37.71 and its 200-day simple moving average is $39.88. The firm has a market cap of $130.33 billion, a P/E ratio of 8.31, a PEG ratio of 1.69 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 EPS for the quarter, topping 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, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.83%. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 31.81%.

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.