Nations Financial Group Inc. IA ADV Acquires 1,338 Shares of Comcast Co. (NASDAQ:CMCSA)

Nations Financial Group Inc. IA ADV grew its position in Comcast Co. (NASDAQ:CMCSA) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,027 shares of the cable giant’s stock after buying an additional 1,338 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Comcast were worth $2,065,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Spinnaker Trust lifted its holdings in shares of Comcast by 0.9% in the 4th quarter. Spinnaker Trust now owns 36,306 shares of the cable giant’s stock worth $1,363,000 after buying an additional 340 shares during the period. PUREfi Wealth LLC purchased a new stake in shares of Comcast in the 4th quarter worth $401,000. AustralianSuper Pty Ltd lifted its holdings in shares of Comcast by 18.5% in the 4th quarter. AustralianSuper Pty Ltd now owns 2,023,648 shares of the cable giant’s stock worth $75,948,000 after buying an additional 316,320 shares during the period. Asset Planning Inc purchased a new stake in shares of Comcast in the 4th quarter worth $59,000. Finally, V Square Quantitative Management LLC lifted its stake in shares of Comcast by 7.9% during the 4th quarter. V Square Quantitative Management LLC now owns 96,036 shares of the cable giant’s stock worth $3,604,000 after purchasing an additional 7,011 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased 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 price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. BNP Paribas upgraded 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. Finally, Benchmark decreased their price target on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, 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 disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Up 0.0 %

Comcast stock opened at $35.39 on Friday. The firm has a market cap of $133.81 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business’s 50-day moving average price is $36.93 and its 200 day moving average price is $39.72. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.73%. 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. Comcast’s dividend payout ratio (DPR) is 29.88%.

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.