Atria Wealth Solutions Inc. raised its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,309 shares of the cable giant's stock after purchasing an additional 9,390 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Comcast were worth $6,767,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CMCSA. AMF Tjanstepension AB raised its position in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant's stock valued at $34,810,000 after purchasing an additional 132,442 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Comcast by 11.2% in the third quarter. Foundations Investment Advisors LLC now owns 40,941 shares of the cable giant's stock valued at $1,710,000 after buying an additional 4,128 shares during the period. Eastern Bank increased its stake in shares of Comcast by 67.4% in the third quarter. Eastern Bank now owns 17,295 shares of the cable giant's stock valued at $722,000 after buying an additional 6,963 shares during the period. Metropolis Capital Ltd increased its stake in shares of Comcast by 8.0% in the third quarter. Metropolis Capital Ltd now owns 8,442,392 shares of the cable giant's stock valued at $352,639,000 after buying an additional 627,464 shares during the period. Finally, Community Trust & Investment Co. increased its stake in shares of Comcast by 0.6% in the third quarter. Community Trust & Investment Co. now owns 80,513 shares of the cable giant's stock valued at $3,363,000 after buying an additional 518 shares during the period. 84.32% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the company. Loop Capital decreased their price target on Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. Morgan Stanley decreased their price target on Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. decreased their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Bank of America cut Comcast from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average target price of $44.13.
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In other news, 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 value of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.
Shares of NASDAQ:CMCSA opened at $36.48 on Thursday. The business's 50 day simple moving average is $36.73 and its two-hundred day simple moving average is $39.62. The firm has a market cap of $137.93 billion, a P/E ratio of 8.79, a PEG ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (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, research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio (DPR) is currently 31.81%.
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.
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