Western Wealth Management LLC Purchases New Holdings in Comcast Co. (CMCSA)

Western Wealth Management LLC purchased a new stake in Comcast Co. (NASDAQ:CMCSA) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 14,957 shares of the cable giant’s stock, valued at approximately $506,000.

Several other institutional investors also recently modified their holdings of CMCSA. Acima Private Wealth LLC acquired a new stake in Comcast during the 4th quarter worth $25,000. Litman Gregory Asset Management LLC acquired a new stake in Comcast during the 4th quarter worth $30,000. Ironwood Financial llc acquired a new stake in Comcast during the 4th quarter worth $32,000. IMS Capital Management acquired a new stake in Comcast during the 3rd quarter worth $38,000. Finally, Ipswich Investment Management Co. Inc. acquired a new stake in Comcast during the 4th quarter worth $52,000. 81.14% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Nomura lifted their target price on shares of Comcast from $41.00 to $44.00 and gave the stock a “neutral” rating in a report on Friday. Macquarie raised shares of Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a report on Tuesday, April 9th. Royal Bank of Canada lowered shares of Comcast from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $45.00 to $42.00 in a report on Friday, March 29th. BidaskClub raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, ValuEngine raised shares of Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $44.45.

In related news, SVP Daniel C. Murdock sold 845 shares of the business’s stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $35.55, for a total value of $30,039.75. Following the sale, the senior vice president now directly owns 1,005 shares of the company’s stock, valued at approximately $35,727.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David L. Cohen sold 275,746 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 650,656 shares in the company, valued at $24,080,778.56. The disclosure for this sale can be found here. Insiders sold a total of 1,284,720 shares of company stock worth $49,080,076 over the last ninety days. 1.31% of the stock is currently owned by insiders.

Shares of NASDAQ CMCSA opened at $41.30 on Monday. The firm has a market cap of $190.61 billion, a PE ratio of 16.20, a PEG ratio of 1.15 and a beta of 1.10. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $41.33. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $27.85 billion for the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. As a group, equities analysts anticipate that Comcast Co. will post 2.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a $0.21 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is currently 32.94%.

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About Comcast

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.

See Also: Yield Curve

Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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