Hedeker Wealth LLC Raises Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Hedeker Wealth LLC grew its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,866 shares of the cable giant’s stock after purchasing an additional 650 shares during the quarter. Hedeker Wealth LLC’s holdings in Comcast were worth $3,786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GHP Investment Advisors Inc. increased its position in shares of Comcast by 7.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 125,463 shares of the cable giant’s stock valued at $4,709,000 after purchasing an additional 8,616 shares during the last quarter. Trilogy Capital Inc. grew its stake in shares of Comcast by 4.7% during the 4th quarter. Trilogy Capital Inc. now owns 71,549 shares of the cable giant’s stock valued at $2,685,000 after acquiring an additional 3,187 shares during the period. Meadow Creek Wealth Advisors LLC grew its stake in shares of Comcast by 9.0% during the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 14,014 shares of the cable giant’s stock valued at $526,000 after acquiring an additional 1,160 shares during the period. Private Management Group Inc. grew its stake in shares of Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after acquiring an additional 24,827 shares during the period. Finally, Econ Financial Services Corp bought a new position in shares of Comcast during the 4th quarter valued at approximately $2,944,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $34.47 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The business’s fifty day simple moving average is $38.05 and its two-hundred day simple moving average is $39.93. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The firm has a market cap of $131.90 billion, a price-to-earnings ratio of 8.31, a PEG ratio of 1.23 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts predict that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.83%. Comcast’s dividend payout ratio is presently 31.81%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMCSA. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays dropped their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday. Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, ten have given 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 a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’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 sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.