Premia Global Advisors LLC Takes Position in Comcast Co. (CMCSA)

Premia Global Advisors LLC acquired a new position in Comcast Co. (NASDAQ:CMCSA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,610 shares of the cable giant’s stock, valued at approximately $264,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Roberts Glore & Co. Inc. IL grew its stake in shares of Comcast by 2.1% during the 2nd quarter. Roberts Glore & Co. Inc. IL now owns 9,234 shares of the cable giant’s stock valued at $359,000 after purchasing an additional 190 shares during the period. Balentine LLC grew its stake in shares of Comcast by 1.5% during the 2nd quarter. Balentine LLC now owns 13,774 shares of the cable giant’s stock valued at $536,000 after purchasing an additional 200 shares during the period. Highland Private Wealth Management grew its stake in shares of Comcast by 3.1% during the 2nd quarter. Highland Private Wealth Management now owns 7,156 shares of the cable giant’s stock valued at $278,000 after purchasing an additional 214 shares during the period. Laurel Wealth Advisors Inc. grew its stake in shares of Comcast by 2.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 12,524 shares of the cable giant’s stock valued at $487,000 after purchasing an additional 318 shares during the period. Finally, Sunbelt Securities Inc. grew its stake in shares of Comcast by 7.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 9,523 shares of the cable giant’s stock valued at $371,000 after purchasing an additional 626 shares during the period. Institutional investors own 83.54% of the company’s stock.

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NASDAQ:CMCSA opened at $33.53 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Co. has a 1 year low of $32.74 and a 1 year high of $44.00. The company has a market capitalization of $153,361.63, a price-to-earnings ratio of 16.28, a PEG ratio of 1.21 and a beta of 1.17.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Comcast had a return on equity of 16.47% and a net margin of 26.87%. The business had revenue of $21.92 billion for the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities analysts expect that Comcast Co. will post 2.48 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a $0.19 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.27%. Comcast’s payout ratio is presently 36.89%.

In other Comcast news, Chairman Brian L. Roberts sold 691,105 shares of Comcast stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $36.53, for a total value of $25,246,065.65. Following the sale, the chairman now owns 1,717,788 shares of the company’s stock, valued at approximately $62,750,795.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Arthur R. Block sold 6,358 shares of Comcast stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $33.69, for a total value of $214,201.02. Following the completion of the sale, the executive vice president now directly owns 72,758 shares in the company, valued at approximately $2,451,217.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,399,951 shares of company stock worth $52,377,633. Corporate insiders own 1.28% of the company’s stock.

CMCSA has been the topic of a number of analyst reports. Pivotal Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, December 19th. Buckingham Research lifted their price objective on Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, January 8th. Evercore ISI reaffirmed an “outperform” rating and set a $48.00 price objective (up from $44.00) on shares of Comcast in a research report on Tuesday, January 9th. Morgan Stanley lifted their price objective on Comcast from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, TD Securities cut Comcast from an “action list buy” rating to a “buy” rating and boosted their price target for the stock from $42.60 to $51.00 in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and a consensus price target of $47.08.

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Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice, as well as security and automation services to residential and business customers under the XFINITY brand.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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