Parisi Gray Wealth Management Sells 306 Shares of Comcast Co. (NASDAQ:CMCSA)

Parisi Gray Wealth Management lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,914 shares of the cable giant’s stock after selling 306 shares during the period. Parisi Gray Wealth Management’s holdings in Comcast were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. NewSquare Capital LLC grew its position in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after acquiring an additional 475,675 shares during the period. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast during the 4th quarter worth about $29,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Comcast during the 3rd quarter worth about $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Comcast by 205.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock worth $38,000 after buying an additional 617 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CMCSA shares. Rosenblatt Securities raised their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. Citigroup lifted their price objective on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday. Wells Fargo & Company lifted their price objective on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, Pivotal Research lifted their price objective on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $49.68.

Comcast Stock Performance

NASDAQ CMCSA traded up $0.31 during trading hours on Thursday, reaching $43.38. 1,082,016 shares of the company were exchanged, compared to its average volume of 19,955,658. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The business’s 50 day simple moving average is $43.08 and its 200-day simple moving average is $43.22. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $172.30 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. On average, equities research analysts expect that Comcast Co. will post 4.3 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.86%. Comcast’s dividend payout ratio (DPR) is presently 31.18%.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.18% of the stock is owned by company insiders.

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.