Pine Valley Investments Ltd Liability Co Boosts Stock Position in Comcast Co. (NASDAQ:CMCSA)

Pine Valley Investments Ltd Liability Co grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,320 shares of the cable giant’s stock after buying an additional 605 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Comcast were worth $1,350,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Fairscale Capital LLC bought a new stake in shares of Comcast in the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the second quarter worth $27,000. McClarren Financial Advisors Inc. raised its holdings in shares of Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter worth about $30,000. Finally, Archer Investment Corp grew its position in shares of Comcast by 177.1% during the 2nd quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock valued at $32,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 1.3 %

Shares of NASDAQ CMCSA opened at $40.24 on Friday. The stock has a market cap of $153.98 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 1.50 and a beta of 0.99. The business has a 50 day simple moving average of $42.33 and a 200 day simple moving average of $40.31. 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 52 week low of $36.43 and a 52 week high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. On average, research analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.08%. Comcast’s payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Macquarie boosted their target price on shares of Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. KeyCorp raised their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $47.19.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the 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 completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

About Comcast

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.