Visionary Horizons LLC Has $534,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Visionary Horizons LLC lifted its stake in Comcast Co. (NASDAQ:CMCSA) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,237 shares of the cable giant’s stock after acquiring an additional 1,307 shares during the period. Visionary Horizons LLC’s holdings in Comcast were worth $534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC raised its stake in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares in the last quarter. Tidal Investments LLC increased its holdings in Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after buying an additional 22,684 shares during the period. Parnassus Investments LLC raised its stake in shares of Comcast by 3.7% in the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock valued at $32,118,000 after acquiring an additional 24,827 shares in the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in Comcast by 0.7% in 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 acquiring an additional 15,807 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, 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 completion of the transaction, the president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $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.

Comcast Trading Down 0.3 %

Shares of CMCSA opened at $34.37 on Friday. The stock’s fifty day simple moving average is $37.71 and its 200-day simple moving average is $39.86. The firm has a market capitalization of $129.95 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts predict that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on CMCSA. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Macquarie dropped their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus price target of $44.13.

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.