S.E.E.D. Planning Group LLC Has $1.81 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

S.E.E.D. Planning Group LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 48,309 shares of the cable giant’s stock after buying an additional 5,795 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Comcast were worth $1,813,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Federated Hermes Inc. lifted its stake in shares of Comcast by 4.5% in the second quarter. Federated Hermes Inc. now owns 311,153 shares of the cable giant’s stock valued at $12,185,000 after buying an additional 13,491 shares in the last quarter. One Capital Management LLC bought a new position in Comcast in the 2nd quarter valued at about $471,000. Wulff Hansen & CO. boosted its stake in Comcast by 3,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 558,382 shares of the cable giant’s stock valued at $21,866,000 after purchasing an additional 544,123 shares during the last quarter. Luts & Greenleigh Group Inc. bought a new stake in Comcast during the 2nd quarter worth approximately $254,000. Finally, Excalibur Management Corp raised its stake in shares of Comcast by 25.2% in the second quarter. Excalibur Management Corp now owns 9,215 shares of the cable giant’s stock worth $361,000 after purchasing an additional 1,853 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $36.38 on Wednesday. The firm’s fifty day moving average is $40.44 and its two-hundred day moving average is $40.23. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a market cap of $139.21 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.50 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 (NASDAQ:CMCSA) last released 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the previous year, the company posted $1.08 EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction 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 trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, 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. 1.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Macquarie reiterated a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research note on Monday, January 6th. Finally, Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

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.