Koshinski Asset Management Inc. lifted its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,430 shares of the cable giant’s stock after purchasing an additional 1,879 shares during the period. Koshinski Asset Management Inc.’s holdings in Comcast were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC purchased a new stake in shares of Comcast during the third quarter worth about $104,000. Clear Perspective Advisors LLC increased its stake in shares of Comcast by 100.1% during the second quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after purchasing an additional 1,362 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Comcast during the 2nd quarter valued at about $107,000. Willingdon Wealth Management purchased a new stake in Comcast during the 3rd quarter valued at about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Comcast during the 2nd quarter valued at about $165,000. 82.52% of the stock is owned by institutional investors and hedge funds.
Shares of Comcast Co. (CMCSA) opened at $39.79 on Friday. Comcast Co. has a one year low of $34.78 and a one year high of $44.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.86. The firm has a market cap of $184,810.00, a P/E ratio of 18.95, a PEG ratio of 1.53 and a beta of 1.04.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 1.91%. Comcast’s dividend payout ratio is 30.00%.
In other news, EVP Arthur R. Block sold 3,937 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $40.62, for a total value of $159,920.94. Following the transaction, the executive vice president now directly owns 65,946 shares in the company, valued at approximately $2,678,726.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen B. Burke sold 190,756 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.51, for a total transaction of $8,109,037.56. Following the completion of the transaction, the executive vice president now owns 1,214,811 shares in the company, valued at $51,641,615.61. The disclosure for this sale can be found here. In the last three months, insiders sold 784,158 shares of company stock valued at $31,070,439. Corporate insiders own 1.28% of the company’s stock.
Several analysts recently issued reports on the stock. Macquarie reaffirmed a “buy” rating and set a $40.00 price objective on shares of Comcast in a research note on Thursday, December 7th. Pivotal Research reaffirmed a “buy” rating and set a $52.00 price objective on shares of Comcast in a research note on Wednesday, January 24th. SunTrust Banks upped their price objective on shares of Comcast to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. OTR Global cut shares of Comcast to a “positive” rating in a research note on Monday, October 30th. Finally, Barclays dropped their price objective on shares of Comcast from $44.00 to $41.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.74.
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Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
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