Ingalls & Snyder LLC Boosts Holdings in Comcast Co. (NASDAQ:CMCSA)

Ingalls & Snyder LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,283 shares of the cable giant’s stock after purchasing an additional 1,410 shares during the period. Ingalls & Snyder LLC’s holdings in Comcast were worth $1,390,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CMCSA. RDA Financial Network increased its stake in shares of Comcast by 9.1% in the 2nd quarter. RDA Financial Network now owns 11,070 shares of the cable giant’s stock worth $434,000 after acquiring an additional 924 shares in the last quarter. Butensky & Cohen Financial Security Inc. lifted its holdings in shares of Comcast by 7.7% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 107,486 shares of the cable giant’s stock valued at $4,209,000 after purchasing an additional 7,674 shares during the last quarter. Ellenbecker Investment Group bought a new stake in shares of Comcast in the 2nd quarter worth approximately $212,000. First National Bank of Mount Dora Trust Investment Services grew its stake in shares of Comcast by 1.3% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 168,658 shares of the cable giant’s stock worth $6,605,000 after buying an additional 2,171 shares during the last quarter. Finally, Duncan Williams Asset Management LLC increased its position in Comcast by 7.4% during the 2nd quarter. Duncan Williams Asset Management LLC now owns 18,709 shares of the cable giant’s stock valued at $733,000 after buying an additional 1,295 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 1.0 %

Shares of Comcast stock opened at $42.86 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average of $42.37 and a 200 day moving average of $40.23. The company has a market capitalization of $164.01 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.64 and a beta of 0.99. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11.

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

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders 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 2.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, CEO Brian L. Roberts sold 234,464 shares of the 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal 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 that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value 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. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMCSA. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their price objective on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $47.19.

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.