Comcast Co. (NASDAQ:CMCSA) Shares Sold by Parisi Gray Wealth Management

Parisi Gray Wealth Management cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,914 shares of the cable giant’s stock after selling 306 shares during the quarter. Parisi Gray Wealth Management’s holdings in Comcast were worth $1,312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC boosted its holdings in Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Quilter Plc purchased a new stake in shares of Comcast in the 1st quarter valued at approximately $695,100,000. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $33,000. Fortis Capital Advisors LLC purchased a new stake in shares of Comcast in the 4th quarter valued at approximately $29,000. Finally, First Personal Financial Services purchased a new stake in shares of Comcast in the 3rd quarter valued at approximately $39,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CMCSA shares. Citigroup increased their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Rosenblatt Securities increased their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday. Finally, Wells Fargo & Company raised their price objective on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

Comcast Price Performance

CMCSA traded up $0.31 during midday trading on Thursday, reaching $43.38. 1,082,016 shares of the company’s stock were exchanged, compared to its average volume of 19,955,658. The stock has a market capitalization of $172.30 billion, a PE ratio of 11.58, a P/E/G ratio of 0.97 and a beta of 0.98. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day moving average price is $43.08 and its 200 day moving average price is $43.22.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, equities analysts anticipate that Comcast Co. will post 4.3 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is presently 31.18%.

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.