B. Riley Wealth Management Inc. grew its position in shares of Comcast Co. (NASDAQ:CMCSA) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,493 shares of the cable giant’s stock after purchasing an additional 900 shares during the quarter. B. Riley Wealth Management Inc.’s holdings in Comcast were worth $357,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of CMCSA. Acima Private Wealth LLC acquired a new position in shares of Comcast during the 4th quarter valued at $25,000. Litman Gregory Asset Management LLC acquired a new position in shares of Comcast during the 4th quarter valued at $30,000. Ironwood Financial llc acquired a new position in shares of Comcast during the 4th quarter valued at $32,000. IMS Capital Management acquired a new position in shares of Comcast during the 3rd quarter valued at $38,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of Comcast during the 4th quarter valued at $46,000. Institutional investors own 81.15% of the company’s stock.
Several equities analysts have recently issued reports on the company. Nomura lifted their price target on Comcast from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Macquarie upgraded Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Tuesday, April 9th. Royal Bank of Canada cut Comcast from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $45.00 to $42.00 in a report on Friday, March 29th. BidaskClub upgraded Comcast from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Eight investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.45.
Shares of Comcast stock opened at $41.97 on Wednesday. The firm has a market capitalization of $194.05 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.48. Comcast Co. has a 12 month low of $30.43 and a 12 month high of $42.18.
Comcast (NASDAQ:CMCSA) last issued its earnings results on Wednesday, January 23rd. The cable giant reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. The business had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. Comcast had a return on equity of 16.49% and a net margin of 12.41%. Comcast’s revenue was up 26.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. As a group, analysts predict that Comcast Co. will post 2.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.19. Comcast’s dividend payout ratio (DPR) is 32.94%.
In other news, SVP Daniel C. Murdock sold 845 shares of the firm’s 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 owns 1,005 shares of the company’s stock, valued at $35,727.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David L. Cohen sold 275,746 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $37.01, for a total value of $10,205,359.46. Following the completion of the sale, the executive vice president now directly owns 650,656 shares of the company’s stock, valued at approximately $24,080,778.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,284,720 shares of company stock valued at $49,080,076. 1.31% of the stock is currently owned by insiders.
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