TRUE Private Wealth Advisors Acquires 1,309 Shares of Comcast Co. (NASDAQ:CMCSA)

TRUE Private Wealth Advisors grew its holdings in Comcast Co. (NASDAQ:CMCSA) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,647 shares of the cable giant’s stock after acquiring an additional 1,309 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Comcast were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley lifted its position in Comcast by 15.2% in the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after purchasing an additional 7,084,451 shares during the period. Norges Bank bought a new position in Comcast in the fourth quarter worth $1,798,173,000. Northern Trust Corp lifted its position in Comcast by 0.3% in the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock worth $2,040,522,000 after purchasing an additional 141,874 shares during the period. Bank of New York Mellon Corp lifted its position in Comcast by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock worth $1,245,022,000 after purchasing an additional 189,845 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Comcast by 1.1% in the first quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock worth $1,987,094,000 after purchasing an additional 473,150 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Down 0.3 %

NASDAQ CMCSA traded down $0.13 during trading on Wednesday, hitting $38.99. The stock had a trading volume of 4,449,366 shares, compared to its average volume of 20,459,617. The company has a market capitalization of $154.86 billion, a PE ratio of 10.53, a P/E/G ratio of 0.96 and a beta of 0.98. The company’s 50-day moving average price is $41.97 and its two-hundred day moving average price is $42.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. As a group, sell-side analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio is currently 33.33%.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction 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 legal filing with the SEC, which is available at the SEC website. 1.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CMCSA has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective 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. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Evercore ISI restated an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, BNP Paribas restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

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.