AFG Fiduciary Services Limited Partnership Purchases New Holdings in Comcast Corporation $CMCSA

AFG Fiduciary Services Limited Partnership purchased a new position in shares of Comcast Corporation (NASDAQ:CMCSA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,880 shares of the cable giant’s stock, valued at approximately $624,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC boosted its holdings in shares of Comcast by 173.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after buying an additional 436 shares during the last quarter. Howard Hughes Medical Institute purchased a new stake in Comcast during the second quarter worth about $29,000. Imprint Wealth LLC purchased a new stake in Comcast during the third quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new stake in Comcast in the second quarter worth about $31,000. Finally, United Financial Planning Group LLC bought a new stake in Comcast in the third quarter worth about $28,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 1.4%

CMCSA opened at $28.98 on Friday. Comcast Corporation has a 12 month low of $25.75 and a 12 month high of $37.72. The company has a market cap of $104.27 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 2.23 and a beta of 0.79. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $30.26 and a 200 day moving average of $29.76.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.96 EPS. On average, sell-side analysts expect that Comcast Corporation will post 4.33 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. Comcast’s dividend payout ratio is currently 24.58%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CMCSA shares. Rosenblatt Securities restated a “neutral” rating and set a $30.00 price target on shares of Comcast in a research note on Friday, January 30th. Zacks Research downgraded Comcast from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Bank of America raised Comcast from a “neutral” rating to a “buy” rating and increased their price objective for the company from $31.00 to $37.00 in a report on Monday, January 12th. Pivotal Research downgraded Comcast from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada dropped their price target on Comcast from $32.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.87.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer directly owned 622,336 shares of the company’s stock, valued at approximately $20,325,493.76. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.32% of the company’s stock.

About Comcast

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.