Bison Wealth LLC Acquires 3,107 Shares of Comcast Co. (NASDAQ:CMCSA)

Bison Wealth LLC increased its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,846 shares of the cable giant’s stock after purchasing an additional 3,107 shares during the period. Bison Wealth LLC’s holdings in Comcast were worth $2,580,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Keystone Financial Services grew its position in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after acquiring an additional 229 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after buying an additional 238 shares during the period. Ironwood Financial llc boosted its stake in shares of Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares during the period. Welch Group LLC boosted its stake in shares of Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after buying an additional 239 shares during the period. Finally, Tradewinds LLC. boosted its stake in shares of Comcast by 1.3% in the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after buying an additional 241 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. 1.18% of the stock is currently owned by insiders.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.27 on Monday, hitting $39.64. The company had a trading volume of 6,479,309 shares, compared to its average volume of 20,496,684. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The business has a 50 day moving average of $42.18 and a 200 day moving average of $42.86. The company has a market cap of $157.44 billion, a PE ratio of 10.64, a PEG ratio of 0.96 and a beta of 0.98.

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

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.13%. Comcast’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft decreased their target price on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Wells Fargo & Company decreased their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities boosted 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 issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.50.

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.