Kingsview Wealth Management LLC Acquires 18,533 Shares of Comcast Co. (NASDAQ:CMCSA)

Kingsview Wealth Management LLC increased its position in Comcast Co. (NASDAQ:CMCSA) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 339,629 shares of the cable giant’s stock after acquiring an additional 18,533 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Comcast were worth $12,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC boosted its stake in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after buying an additional 229,192 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after acquiring an additional 22,684 shares in the last quarter. Parnassus Investments LLC boosted its position in shares of Comcast by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after acquiring an additional 68,139 shares during the last quarter. Private Management Group Inc. increased its position in Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after purchasing an additional 24,827 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its stake in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after purchasing an additional 15,807 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CMCSA. Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Benchmark cut their target price on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Macquarie reduced their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Insider Buying and Selling at Comcast

In other Comcast news, 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 transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s 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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Price Performance

NASDAQ CMCSA opened at $34.37 on Friday. The company has a market cap of $131.52 billion, a PE ratio of 8.28, a P/E/G ratio of 1.23 and a beta of 1.00. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The firm’s 50 day moving average price is $37.89 and its 200-day moving average price is $39.89.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts forecast that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 29.88%.

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.