Concord Asset Management LLC VA Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Concord Asset Management LLC VA grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 16.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 59,638 shares of the cable giant’s stock after purchasing an additional 8,214 shares during the period. Concord Asset Management LLC VA’s holdings in Comcast were worth $2,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Centaurus Financial Inc. boosted its stake in Comcast by 77.2% in the second quarter. Centaurus Financial Inc. now owns 14,182 shares of the cable giant’s stock valued at $555,000 after acquiring an additional 6,179 shares in the last quarter. Neville Rodie & Shaw Inc. raised its holdings in Comcast by 4.6% during the third quarter. Neville Rodie & Shaw Inc. now owns 14,581 shares of the cable giant’s stock worth $609,000 after purchasing an additional 645 shares in the last quarter. AMF Tjanstepension AB lifted its holdings in shares of Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after buying an additional 132,442 shares during the period. Czech National Bank boosted its position in shares of Comcast by 5.5% during the 3rd quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock worth $32,871,000 after purchasing an additional 41,061 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Comcast by 211.7% during the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after purchasing an additional 1,963,246 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

NASDAQ CMCSA opened at $33.66 on Friday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $47.11. The business’s 50-day simple moving average is $38.61 and its 200-day simple moving average is $40.07. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $128.80 billion, a P/E ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued 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 19.81% and a net margin of 11.92%. Equities analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is 33.33%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent analyst reports. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday. Evercore ISI raised Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company reduced their price target on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.