Good Life Advisors LLC Has $659,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Good Life Advisors LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,023 shares of the cable giant’s stock after selling 609 shares during the quarter. Good Life Advisors LLC’s holdings in Comcast were worth $659,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Shepherd Financial Partners LLC lifted its stake in Comcast by 1.7% in the second quarter. Shepherd Financial Partners LLC now owns 53,491 shares of the cable giant’s stock valued at $2,223,000 after buying an additional 909 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in Comcast in the third quarter valued at approximately $8,868,000. CIC Wealth LLC lifted its stake in Comcast by 42.8% in the third quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock valued at $390,000 after buying an additional 2,638 shares in the last quarter. Orion Capital Management LLC bought a new position in Comcast in the third quarter valued at approximately $90,000. Finally, Camarda Financial Advisors LLC bought a new stake in shares of Comcast in the second quarter worth $1,381,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded up $0.28 during mid-day trading on Thursday, reaching $43.35. 19,408,605 shares of the company’s stock were exchanged, compared to its average volume of 20,257,852. The firm has a market capitalization of $172.18 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a 50-day moving average price of $43.09 and a two-hundred day moving average price of $43.22.

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, beating 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 business had revenue of $31.25 billion for the quarter, compared to analysts’ expectations of $30.41 billion. Analysts predict that Comcast Co. will post 4.3 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. 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. Comcast’s dividend payout ratio is 31.18%.

Analysts Set New Price Targets

CMCSA has been the topic of a number of research reports. Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research report on Tuesday. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Pivotal Research upped their price target on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Wells Fargo & Company upped their price target on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Citigroup upped their price target on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.68.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.18% of the company’s stock.

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.