Comcast Co. (NASDAQ:CMCSA) Shares Purchased by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC grew its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,198 shares of the cable giant’s stock after purchasing an additional 848 shares during the quarter. Brown Miller Wealth Management LLC’s holdings in Comcast were worth $1,763,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CMCSA. Shepherd Financial Partners LLC lifted its stake in Comcast by 1.7% in the 2nd quarter. Shepherd Financial Partners LLC now owns 53,491 shares of the cable giant’s stock worth $2,223,000 after purchasing an additional 909 shares in the last quarter. Everett Harris & Co. CA boosted its position in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after acquiring an additional 121,279 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in Comcast during the third quarter worth about $8,868,000. CIC Wealth LLC grew its stake in shares of Comcast by 42.8% in the 3rd quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock valued at $390,000 after buying an additional 2,638 shares during the period. Finally, Orion Capital Management LLC acquired a new position in Comcast in the third quarter valued at approximately $90,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock traded up $0.28 during trading on Thursday, hitting $43.35. 21,157,230 shares of the company were exchanged, compared to its average volume of 20,287,184. The firm has a 50 day moving average price of $43.09 and a 200 day moving average price of $43.22. The stock has a market capitalization of $172.18 billion, a price-to-earnings ratio of 11.65, a P/E/G ratio of 0.97 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, equities analysts expect that Comcast Co. will post 4.3 earnings per share for the current fiscal year.

Comcast Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a research report on Tuesday. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company lifted their target price on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Pivotal Research upped their target price on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Rosenblatt Securities upped their price objective on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $49.68.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated 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 accessible through this hyperlink. Company insiders own 1.18% of the company’s stock.

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.