Brio Consultants LLC Purchases 6,810 Shares of Comcast Co. (NASDAQ:CMCSA)

Brio Consultants LLC increased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 93.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,136 shares of the cable giant’s stock after purchasing an additional 6,810 shares during the period. Brio Consultants LLC’s holdings in Comcast were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Independence Bank of Kentucky boosted its position in Comcast by 8.5% in the fourth quarter. Independence Bank of Kentucky now owns 6,053 shares of the cable giant’s stock valued at $227,000 after buying an additional 475 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new position in Comcast during the 4th quarter worth about $269,000. China Universal Asset Management Co. Ltd. grew its holdings in Comcast by 26.8% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 62,120 shares of the cable giant’s stock worth $2,331,000 after acquiring an additional 13,121 shares during the last quarter. Concord Wealth Partners lifted its position in shares of Comcast by 17.5% during the fourth quarter. Concord Wealth Partners now owns 61,207 shares of the cable giant’s stock worth $2,297,000 after purchasing an additional 9,116 shares in the last quarter. Finally, Concord Asset Management LLC VA raised its position in shares of Comcast by 16.0% during the fourth quarter. Concord Asset Management LLC VA now owns 59,638 shares of the cable giant’s stock worth $2,238,000 after acquiring an additional 8,214 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity at Comcast

In other news, 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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Price Performance

CMCSA stock opened at $33.66 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $128.80 billion, a price-to-earnings ratio of 9.05, a PEG ratio of 1.36 and a beta of 1.01. The company’s fifty day simple moving average is $38.61 and its 200 day simple moving average is $40.07. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 11.92% and a return on equity of 19.81%. On average, analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.92%. Comcast’s dividend payout ratio is 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company reduced their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a report on Friday. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday. Finally, BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research report on Friday. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.