Honkamp Krueger Financial Services Inc. Raises Stake in Comcast Corporation (CMCSA)

Honkamp Krueger Financial Services Inc. lifted its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,134 shares of the cable giant’s stock after acquiring an additional 3,154 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Comcast were worth $967,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Merriman Wealth Management LLC purchased a new position in Comcast during the third quarter valued at approximately $203,000. Oakbrook Investments LLC increased its holdings in Comcast by 28.4% during the third quarter. Oakbrook Investments LLC now owns 114,314 shares of the cable giant’s stock valued at $4,399,000 after buying an additional 25,300 shares during the period. Rockefeller Financial Services Inc. increased its holdings in Comcast by 97.2% during the third quarter. Rockefeller Financial Services Inc. now owns 112,567 shares of the cable giant’s stock valued at $4,331,000 after buying an additional 55,495 shares during the period. Fisher Asset Management LLC increased its holdings in Comcast by 1.4% during the third quarter. Fisher Asset Management LLC now owns 13,719,684 shares of the cable giant’s stock valued at $527,933,000 after buying an additional 191,938 shares during the period. Finally, Narwhal Capital Management increased its holdings in Comcast by 20.1% during the third quarter. Narwhal Capital Management now owns 141,130 shares of the cable giant’s stock valued at $5,431,000 after buying an additional 23,630 shares during the period. 82.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Comcast Corporation (NASDAQ CMCSA) opened at $39.14 on Wednesday. Comcast Corporation has a one year low of $34.12 and a one year high of $42.18. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.06. The company has a market cap of $184,800.91, a price-to-earnings ratio of 19.62, a PEG ratio of 1.90 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 26th. The cable giant reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Comcast had a net margin of 11.99% and a return on equity of 17.17%. The business had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $21.05 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. research analysts predict that Comcast Corporation will post 2.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 24th. Stockholders of record on Wednesday, January 3rd will be paid a dividend of $0.157 per share. The ex-dividend date is Tuesday, January 2nd. This represents a $0.63 annualized dividend and a dividend yield of 1.60%. Comcast’s payout ratio is currently 30.36%.

In related news, EVP Arthur R. Block sold 4,091 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $38.36, for a total transaction of $156,930.76. Following the completion of the transaction, the executive vice president now owns 68,478 shares of the company’s stock, valued at $2,626,816.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now directly owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 593,556 shares of company stock valued at $22,958,411 over the last quarter. Insiders own 1.28% of the company’s stock.

Several equities analysts recently issued reports on CMCSA shares. Moffett Nathanson reissued a “buy” rating on shares of Comcast in a report on Monday, October 16th. Robert W. Baird reissued a “buy” rating and set a $43.00 price objective on shares of Comcast in a report on Wednesday, October 4th. Pivotal Research raised their target price on shares of Comcast from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company restated a “buy” rating and issued a $49.00 target price on shares of Comcast in a research note on Monday, October 23rd. Finally, Royal Bank of Canada restated a “buy” rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $45.72.

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Comcast Company Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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