MADDEN SECURITIES Corp Invests $76,000 in Comcast Co. (NASDAQ:CMCSA)

MADDEN SECURITIES Corp acquired a new position in Comcast Co. (NASDAQ:CMCSA – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,180 shares of the cable giant’s stock, valued at approximately $76,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kolinsky Wealth Management LLC grew its position in Comcast by 2.2% during the second quarter. Kolinsky Wealth Management LLC now owns 13,749 shares of the cable giant’s stock valued at $540,000 after buying an additional 291 shares during the period. Providence Capital Advisors LLC grew its position in Comcast by 0.3% during the second quarter. Providence Capital Advisors LLC now owns 91,475 shares of the cable giant’s stock valued at $3,589,000 after buying an additional 298 shares during the period. Kovack Advisors Inc. lifted its holdings in Comcast by 1.2% during the third quarter. Kovack Advisors Inc. now owns 25,912 shares of the cable giant’s stock valued at $760,000 after purchasing an additional 308 shares in the last quarter. Beach Investment Counsel Inc. PA lifted its holdings in Comcast by 2.5% during the third quarter. Beach Investment Counsel Inc. PA now owns 13,036 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 319 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its holdings in Comcast by 4.8% during the second quarter. Financial Advocates Investment Management now owns 7,312 shares of the cable giant’s stock valued at $287,000 after purchasing an additional 333 shares in the last quarter. 82.23% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CMCSA. Barclays increased their price objective on shares of Comcast from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, February 2nd. Wells Fargo & Company increased their price objective on shares of Comcast from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, January 27th. Bank of America reaffirmed a “neutral” rating and set a $44.00 price objective on shares of Comcast in a report on Tuesday, February 28th. KGI Securities downgraded shares of Comcast from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 22nd. Finally, Truist Financial raised shares of Comcast from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Thursday, January 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.29.

Insider Transactions at Comcast

In other Comcast news, major shareholder Corp Comcast sold 1,610,496 shares of the stock in a transaction that occurred on Wednesday, February 1st. The shares were sold at an average price of $2.38, for a total transaction of $3,832,980.48. Following the sale, the insider now directly owns 25,153,615 shares in the company, valued at approximately $59,865,603.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 7,527,791 shares of company stock valued at $19,025,007. 1.11% of the stock is currently owned by corporate insiders.

Comcast Stock Performance

NASDAQ:CMCSA opened at $36.03 on Friday. Comcast Co. has a fifty-two week low of $28.39 and a fifty-two week high of $48.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50 day moving average price of $38.18 and a 200 day moving average price of $35.10. The stock has a market capitalization of $151.90 billion, a P/E ratio of 30.28, a PEG ratio of 0.76 and a beta of 1.00.

Comcast (NASDAQ:CMCSA – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $30.55 billion during the quarter, compared to analyst estimates of $30.36 billion. Comcast had a return on equity of 18.40% and a net margin of 4.42%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. Equities research analysts forecast that Comcast Co. will post 3.64 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 5th will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, April 4th. This is a positive change from Comcast’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.22%. Comcast’s dividend payout ratio is 90.76%.

About Comcast

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.