Householder Group Estate & Retirement Specialist LLC Has $62,000 Position in Comcast Co. (NASDAQ:CMCSA)

Householder Group Estate & Retirement Specialist LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 70.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,678 shares of the cable giant’s stock after selling 4,008 shares during the period. Householder Group Estate & Retirement Specialist LLC’s holdings in Comcast were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CMCSA. World Investment Advisors LLC grew its stake in shares of Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Tidal Investments LLC grew its position in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after buying an additional 22,684 shares during the period. Parnassus Investments LLC grew its position in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares during the period. Douglas Lane & Associates LLC grew its position in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC bought a new position in Comcast during the third quarter valued at about $2,541,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research reports. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, January 2nd. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays increased their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Trading Up 0.7 %

Shares of CMCSA opened at $36.58 on Friday. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The firm has a 50 day moving average price of $39.97 and a 200-day moving average price of $40.16.

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

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.