Invera Wealth Advisors LLC Has $908,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Invera Wealth Advisors LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,281 shares of the cable giant’s stock after selling 822 shares during the quarter. Invera Wealth Advisors LLC’s holdings in Comcast were worth $908,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. bought a new position in Comcast during the fourth quarter worth about $2,758,000. Boston Financial Mangement LLC lifted its stake in Comcast by 2.1% during the fourth quarter. Boston Financial Mangement LLC now owns 18,733 shares of the cable giant’s stock worth $703,000 after purchasing an additional 382 shares during the period. Advyzon Investment Management LLC bought a new position in Comcast during the fourth quarter worth about $300,000. Sunpointe LLC lifted its stake in Comcast by 34.1% during the fourth quarter. Sunpointe LLC now owns 10,245 shares of the cable giant’s stock worth $385,000 after purchasing an additional 2,607 shares during the period. Finally, LMG Wealth Partners LLC lifted its stake in Comcast by 8.7% during the fourth quarter. LMG Wealth Partners LLC now owns 41,488 shares of the cable giant’s stock worth $1,557,000 after purchasing an additional 3,327 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company reduced their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday, January 31st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Macquarie reduced their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction 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. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was 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 Stock Performance

Shares of CMCSA opened at $36.48 on Thursday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The firm’s 50 day moving average price is $36.73 and its two-hundred day moving average price is $39.62. The firm has a market cap of $137.93 billion, a P/E ratio of 8.79, a PEG ratio of 1.73 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating 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%. On average, analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 31.81%.

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.