Panoramic Capital Partners LLC Acquires Shares of 6,777 Comcast Co. (NASDAQ:CMCSA)

Panoramic Capital Partners LLC bought a new stake in Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,777 shares of the cable giant’s stock, valued at approximately $254,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arlington Trust Co LLC grew its position in shares of Comcast by 38.1% in the 4th quarter. Arlington Trust Co LLC now owns 7,897 shares of the cable giant’s stock worth $296,000 after acquiring an additional 2,179 shares in the last quarter. Bristlecone Advisors LLC raised its holdings in shares of Comcast by 70.9% during the fourth quarter. Bristlecone Advisors LLC now owns 106,986 shares of the cable giant’s stock worth $4,015,000 after purchasing an additional 44,401 shares during the period. Soltis Investment Advisors LLC lifted its position in shares of Comcast by 21.6% in the 4th quarter. Soltis Investment Advisors LLC now owns 11,335 shares of the cable giant’s stock worth $425,000 after buying an additional 2,010 shares during the last quarter. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at about $28,000. Finally, Elevate Capital Advisors LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $1,079,000. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup cut their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, KeyCorp lifted their price objective on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Ten research 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Stock Up 0.3 %

CMCSA opened at $34.47 on Tuesday. The stock’s fifty day moving average is $37.71 and its 200-day moving average is $39.88. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company has a market capitalization of $130.33 billion, a PE ratio of 8.31, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last issued 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, equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal 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 given a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.83%. Comcast’s payout ratio is 31.81%.

Insider Activity

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’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 transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.