Sound View Wealth Advisors LLC acquired a new stake in shares of Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,402 shares of the cable giant’s stock, valued at approximately $1,069,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acima Private Wealth LLC purchased a new position in Comcast in the fourth quarter valued at $25,000. Litman Gregory Asset Management LLC purchased a new position in Comcast in the fourth quarter valued at $30,000. Ironwood Financial llc purchased a new position in Comcast in the fourth quarter valued at $32,000. IMS Capital Management purchased a new position in Comcast in the third quarter valued at $38,000. Finally, Ipswich Investment Management Co. Inc. purchased a new position in Comcast in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 81.15% of the company’s stock.
Shares of CMCSA traded down $0.14 during mid-day trading on Friday, reaching $42.43. 13,959,321 shares of the company’s stock were exchanged, compared to its average volume of 14,530,851. The stock has a market cap of $197.07 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.10. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. Comcast Co. has a 52-week low of $30.43 and a 52-week high of $42.83.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is 32.94%.
Several equities analysts have issued reports on the stock. Macquarie restated a “hold” rating and issued a $39.00 price objective on shares of Comcast in a research note on Monday, December 24th. Nomura upped their price objective on shares of Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. TD Securities upped their price objective on shares of Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, January 24th. ValuEngine upgraded shares of Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Finally, BidaskClub downgraded shares of Comcast from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $44.45.
In related news, EVP David L. Cohen sold 275,746 shares of Comcast stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $37.01, for a total transaction of $10,205,359.46. Following the transaction, the executive vice president now owns 650,656 shares in the company, valued at approximately $24,080,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Daniel C. Murdock sold 845 shares of Comcast stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total transaction of $30,039.75. Following the transaction, the senior vice president now owns 1,005 shares in the company, valued at approximately $35,727.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,290,226 shares of company stock worth $49,311,328. 1.31% of the stock is owned by company insiders.
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Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
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