Ritholtz Wealth Management Has $3.56 Million Stake in Comcast Co. (NASDAQ:CMCSA)

Ritholtz Wealth Management boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,861 shares of the cable giant’s stock after buying an additional 972 shares during the period. Ritholtz Wealth Management’s holdings in Comcast were worth $3,560,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CMCSA. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Comcast by 5.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 873,614 shares of the cable giant’s stock worth $34,211,000 after acquiring an additional 41,592 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Comcast by 2.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 137,085 shares of the cable giant’s stock worth $5,368,000 after acquiring an additional 2,629 shares during the last quarter. Blair William & Co. IL raised its holdings in Comcast by 197.4% in the 2nd quarter. Blair William & Co. IL now owns 378,175 shares of the cable giant’s stock valued at $14,809,000 after buying an additional 251,008 shares during the last quarter. Sienna Gestion raised its holdings in Comcast by 0.6% in the 2nd quarter. Sienna Gestion now owns 294,443 shares of the cable giant’s stock valued at $11,525,000 after buying an additional 1,794 shares during the last quarter. Finally, WCG Wealth Advisors LLC raised its holdings in Comcast by 6.8% in the 2nd quarter. WCG Wealth Advisors LLC now owns 79,079 shares of the cable giant’s stock valued at $3,097,000 after buying an additional 5,062 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Price Performance

CMCSA opened at $36.31 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $138.94 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 1.33 and a beta of 1.01. The firm’s fifty day moving average price is $40.27 and its two-hundred day moving average price is $40.20. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. As a group, analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th 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 3.42%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of research reports. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Wells Fargo & Company lowered their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, TD Cowen lowered their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.