Naples Global Advisors LLC Has $1.99 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Naples Global Advisors LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,969 shares of the cable giant’s stock after selling 4,547 shares during the quarter. Naples Global Advisors LLC’s holdings in Comcast were worth $1,988,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Winch Advisory Services LLC boosted its stake in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after buying an additional 502 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the fourth quarter valued at $28,000. McClarren Financial Advisors Inc. boosted its stake in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the 3rd quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research analyst reports. Barclays decreased their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, January 31st. Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. TD Cowen lowered their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Citigroup dropped their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Stock Down 0.9 %

Shares of NASDAQ CMCSA opened at $34.90 on Thursday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. 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 stock has a market cap of $131.96 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.69 and a beta of 1.00. The firm has a 50 day moving average price of $37.38 and a 200 day moving average price of $39.82.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.78%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is 29.88%.

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 transaction, the president now directly owns 534,849 shares of the company’s stock, 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. 1.26% of the stock is currently 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.