Comcast Co. (NASDAQ:CMCSA) Shares Bought by Michael S. Ryan Inc.

Michael S. Ryan Inc. grew its position in Comcast Co. (NASDAQ:CMCSA) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,685 shares of the cable giant’s stock after purchasing an additional 1,424 shares during the period. Michael S. Ryan Inc.’s holdings in Comcast were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CMCSA. Fairscale Capital LLC purchased a new stake in shares of Comcast in the second quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast in the 2nd quarter worth approximately $27,000. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the third quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the 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 sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CMCSA shares. Barclays raised their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Benchmark reaffirmed a “buy” rating and set a $60.00 target price on shares of Comcast in a research report on Tuesday, November 19th. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. TD Cowen lowered their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast Stock Performance

Comcast stock traded up $0.30 during midday trading on Wednesday, reaching $37.17. 24,924,015 shares of the stock traded hands, compared to its average volume of 24,335,143. Comcast Co. has a fifty-two week low of $36.24 and a fifty-two week high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $142.23 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.50 and a beta of 1.01. The firm has a fifty day moving average price of $41.06 and a two-hundred day moving average price of $40.29.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. On average, equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

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.