Liberty Wealth Management LLC Buys New Holdings in Comcast Co. (CMCSA)

Liberty Wealth Management LLC bought a new stake in shares of Comcast Co. (NASDAQ:CMCSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,424 shares of the cable giant’s stock, valued at approximately $150,000.

A number of other hedge funds have also modified their holdings of the business. Dodge & Cox boosted its holdings in Comcast by 0.4% in the 3rd quarter. Dodge & Cox now owns 132,526,363 shares of the cable giant’s stock worth $4,692,759,000 after acquiring an additional 509,730 shares during the period. Kentucky Retirement Systems purchased a new position in shares of Comcast during the 3rd quarter valued at approximately $11,180,000. Neuberger Berman Group LLC boosted its stake in shares of Comcast by 19.6% during the 3rd quarter. Neuberger Berman Group LLC now owns 12,591,590 shares of the cable giant’s stock valued at $445,818,000 after buying an additional 2,066,565 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Comcast by 6.3% during the 3rd quarter. Teachers Advisors LLC now owns 9,457,844 shares of the cable giant’s stock valued at $334,902,000 after buying an additional 557,005 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Comcast by 11.0% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 23,391,158 shares of the cable giant’s stock valued at $828,281,000 after buying an additional 2,323,325 shares during the last quarter. 81.15% of the stock is currently owned by institutional investors and hedge funds.

In other Comcast news, CAO Daniel C. Murdock sold 919 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the sale, the chief accounting officer now directly owns 3,453 shares of the company’s stock, valued at $139,363.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel C. Murdock sold 845 shares of the stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $35.55, for a total value of $30,039.75. Following the completion of the sale, the senior vice president now directly owns 1,005 shares in the company, valued at $35,727.75. The disclosure for this sale can be found here. Insiders sold 1,290,226 shares of company stock worth $49,311,328 over the last ninety days. 1.31% of the stock is owned by corporate insiders.

CMCSA stock opened at $42.43 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.48. The company has a market cap of $197.07 billion, a P/E ratio of 16.64, a PEG ratio of 1.19 and a beta of 1.10. Comcast Co. has a 12-month low of $30.43 and a 12-month high of $42.83.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $27.85 billion for the quarter, compared to analyst estimates of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. The business’s revenue was up 26.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. Sell-side analysts expect that Comcast Co. will post 2.84 earnings per share for the current year.

The business 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 $0.21 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 1.98%. Comcast’s dividend payout ratio (DPR) is currently 32.94%.

CMCSA has been the subject of several research analyst reports. BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Credit Suisse Group reiterated a “buy” rating and set a $44.00 target price on shares of Comcast in a research note on Tuesday, January 22nd. Royal Bank of Canada cut Comcast from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $45.00 to $42.00 in a research note on Friday, March 29th. Macquarie upgraded Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research note on Tuesday, April 9th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $44.45.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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