10,763 Shares in Comcast Co. (CMCSA) Acquired by Parallel Advisors LLC

Parallel Advisors LLC acquired a new position in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,763 shares of the cable giant’s stock, valued at approximately $743,000.

Several other large investors have also recently made changes to their positions in the stock. First American Bank raised its stake in shares of Comcast by 35.3% in the third quarter. First American Bank now owns 33,443 shares of the cable giant’s stock valued at $2,218,000 after buying an additional 8,732 shares in the last quarter. Woodstock Corp increased its position in shares of Comcast by 0.5% in the third quarter. Woodstock Corp now owns 103,479 shares of the cable giant’s stock valued at $6,865,000 after buying an additional 560 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Comcast by 302.9% in the third quarter. First Mercantile Trust Co. now owns 54,030 shares of the cable giant’s stock valued at $3,585,000 after buying an additional 40,621 shares during the last quarter. Catawba Capital Management VA increased its position in shares of Comcast by 45.3% in the third quarter. Catawba Capital Management VA now owns 15,211 shares of the cable giant’s stock valued at $1,009,000 after buying an additional 4,745 shares during the last quarter. Finally, Central Bank & Trust Co. increased its position in shares of Comcast by 3.6% in the third quarter. Central Bank & Trust Co. now owns 5,843 shares of the cable giant’s stock valued at $388,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds own 82.03% of the company’s stock.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Comcast Co. (NASDAQ:CMCSA) traded up 1.25% during trading on Thursday, hitting $38.00. 17,249,639 shares of the stock traded hands. The company has a 50-day moving average price of $37.42 and a 200 day moving average price of $35.44. Comcast Co. has a one year low of $29.81 and a one year high of $38.44. The stock has a market cap of $180.56 billion, a PE ratio of 21.29 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 26th. The cable giant reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. The business had revenue of $21 billion for the quarter, compared to analyst estimates of $20.67 billion. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. Analysts expect that Comcast Co. will post $1.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be issued a dividend of $0.1575 per share. The ex-dividend date is Monday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.66%. Comcast’s payout ratio is presently 30.81%.

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Several analysts have recently weighed in on the stock. HSBC Holdings plc began coverage on shares of Comcast in a report on Thursday, January 19th. They issued a “buy” rating and a $41.50 target price on the stock. Deutsche Bank AG upgraded shares of Comcast from a “hold” rating to a “buy” rating and lifted their target price for the stock from $34.00 to $44.00 in a research report on Friday, January 13th. Jefferies Group LLC lifted their target price on shares of Comcast from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Instinet boosted their price objective on shares of Comcast from $37.50 to $42.50 and gave the company a “buy” rating in a research report on Friday, January 27th. Finally, Pivotal Research boosted their price objective on shares of Comcast to $47.50 and gave the company a “buy” rating in a research report on Thursday, January 26th. One analyst has rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and an average price target of $40.69.

In other Comcast news, EVP Neil Smit sold 133,314 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $75.31, for a total value of $10,039,877.34. Following the transaction, the executive vice president now directly owns 191,837 shares of the company’s stock, valued at approximately $14,447,244.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lawrence J. Salva sold 3,121 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $75.96, for a total value of $237,071.16. Following the completion of the transaction, the executive vice president now directly owns 38,844 shares in the company, valued at $2,950,590.24. The disclosure for this sale can be found here. Insiders have sold a total of 311,048 shares of company stock worth $19,389,499 over the last three months. 1.27% of the stock is owned by insiders.

Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

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