Circle Wealth Management LLC Has $1.79 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Circle Wealth Management LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 5.7% during the third quarter, Holdings Channel reports. The firm owned 42,894 shares of the cable giant’s stock after selling 2,606 shares during the period. Circle Wealth Management LLC’s holdings in Comcast were worth $1,792,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fred Alger Management LLC increased its position in shares of Comcast by 3.5% during the 3rd quarter. Fred Alger Management LLC now owns 134,166 shares of the cable giant’s stock worth $5,604,000 after purchasing an additional 4,586 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in Comcast by 8.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 442,654 shares of the cable giant’s stock worth $18,490,000 after buying an additional 34,491 shares during the last quarter. Vinva Investment Management Ltd increased its holdings in shares of Comcast by 10.6% during the third quarter. Vinva Investment Management Ltd now owns 182,015 shares of the cable giant’s stock worth $7,579,000 after buying an additional 17,471 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of Comcast by 3.1% in the third quarter. Financial Counselors Inc. now owns 45,328 shares of the cable giant’s stock valued at $1,893,000 after acquiring an additional 1,354 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Comcast by 6.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after acquiring an additional 1,717,762 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Trading Up 1.5 %

CMCSA opened at $43.19 on Friday. The stock has a market capitalization of $165.27 billion, a P/E ratio of 11.61, a P/E/G ratio of 1.61 and a beta of 1.00. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The firm’s fifty day simple moving average is $42.29 and its 200 day simple moving average is $40.17.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data 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. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is 33.33%.

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’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 transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This 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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CMCSA shares. Pivotal Research raised their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays raised their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.19.

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.