IHT Wealth Management LLC Acquires 12,320 Shares of Comcast Co. (NASDAQ:CMCSA)

IHT Wealth Management LLC boosted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 23.8% in the third quarter, Holdings Channel reports. The firm owned 64,034 shares of the cable giant’s stock after purchasing an additional 12,320 shares during the quarter. IHT Wealth Management LLC’s holdings in Comcast were worth $2,674,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Comcast in the 2nd quarter worth approximately $27,000. IAG Wealth Partners LLC grew its position in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after acquiring an additional 522 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares in the last quarter. Finally, Archer Investment Corp boosted its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CMCSA shares. Macquarie raised their target price on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Pivotal Research increased their price target 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. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Comcast Trading Down 0.7 %

CMCSA opened at $42.55 on Thursday. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.11. The firm has a market cap of $162.82 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. 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 firm’s fifty day moving average is $42.41 and its two-hundred day moving average is $40.24.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS 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 for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the business posted $1.08 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.91%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on 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 ownership of the stock. The transaction was disclosed in a document filed 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 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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast 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.