Neville Rodie & Shaw Inc. Has $693,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Neville Rodie & Shaw Inc. lifted its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 26.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,481 shares of the cable giant’s stock after purchasing an additional 3,900 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Comcast were worth $693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC bought a new position in Comcast during the 2nd quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Comcast during the 2nd quarter worth $27,000. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the third quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC lifted its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on CMCSA shares. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $48.00 to $45.00 in a research report on Monday, December 16th. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their target price on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. Finally, Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Trading Up 0.8 %

NASDAQ:CMCSA traded up $0.29 on Monday, reaching $37.96. 5,567,852 shares of the stock traded hands, compared to its average volume of 18,092,250. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.11. The company’s 50 day moving average is $41.25 and its 200-day moving average is $40.30. The firm has a market capitalization of $145.26 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 earnings per share. Equities research analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given 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 dividend yield of 3.27%. Comcast’s payout ratio is 33.33%.

About Comcast

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.