Scissortail Wealth Management LLC Has $5.54 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Scissortail Wealth Management LLC increased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,177 shares of the cable giant’s stock after buying an additional 29,555 shares during the period. Comcast accounts for approximately 1.8% of Scissortail Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Scissortail Wealth Management LLC’s holdings in Comcast were worth $5,542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC raised its holdings in Comcast by 94.1% during the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its stake in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Comcast in the 4th quarter valued at about $29,000. DHJJ Financial Advisors Ltd. bought a new stake in shares of Comcast in the 3rd quarter valued at about $33,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Evercore ISI reissued an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Deutsche Bank Aktiengesellschaft lowered their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Oppenheimer reissued an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Finally, Rosenblatt Securities increased their target price on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.50.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.31 during trading hours on Tuesday, hitting $39.12. The company’s stock had a trading volume of 18,926,754 shares, compared to its average volume of 20,685,482. The stock has a fifty day simple moving average of $42.08 and a 200-day simple moving average of $42.83. The company has a market capitalization of $155.38 billion, a P/E ratio of 10.60, a PEG ratio of 0.96 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, analysts anticipate that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.17%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

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

Comcast 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.