Regent Peak Wealth Advisors LLC Has $301,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Regent Peak Wealth Advisors LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,017 shares of the cable giant’s stock after selling 428 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Comcast were worth $301,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CMCSA. Koshinski Asset Management Inc. raised its position in shares of Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock valued at $1,277,000 after buying an additional 249 shares during the last quarter. Taurus Asset Management LLC increased its holdings in Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the last quarter. Abich Financial Wealth Management LLC increased its holdings in Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares during the last quarter. Greenwich Wealth Management LLC lifted its stake in Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock worth $382,000 after purchasing an additional 261 shares in the last quarter. Finally, Saxon Interests Inc. boosted its holdings in shares of Comcast by 2.0% during the 3rd quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant’s stock valued at $566,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.3 %

Shares of NASDAQ CMCSA traded down $0.13 during midday trading on Tuesday, hitting $37.36. The company’s stock had a trading volume of 4,153,294 shares, compared to its average volume of 21,109,473. The business’s 50 day moving average is $41.16 and its two-hundred day moving average is $40.30. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $142.96 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter 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. As a group, equities research analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.32%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday. Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. Rosenblatt Securities reiterated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’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 completion of the sale, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on 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 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. 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.