McGlone Suttner Wealth Management Inc. Increases Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

McGlone Suttner Wealth Management Inc. raised its stake in Comcast Co. (NASDAQ:CMCSA) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,401 shares of the cable giant’s stock after buying an additional 280 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Comcast were worth $368,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. NewSquare Capital LLC lifted its position in Comcast by 94.1% in the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter worth about $29,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Comcast during the third quarter worth about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in Comcast by 205.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock valued at $38,000 after acquiring an additional 617 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CMCSA shares. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities increased their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Pivotal Research increased their price target on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $49.68.

Comcast Trading Up 0.7 %

CMCSA traded up $0.28 during midday trading on Thursday, hitting $43.35. The company’s stock had a trading volume of 21,157,230 shares, compared to its average volume of 20,287,184. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $172.18 billion, a P/E ratio of 11.65, a PEG ratio of 0.97 and a beta of 0.98. The firm has a 50-day moving average price of $43.09 and a two-hundred day moving average price of $43.22. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, research analysts anticipate that Comcast Co. will post 4.3 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is presently 31.18%.

Comcast Company 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.