Second Line Capital LLC Has $315,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Second Line Capital LLC grew its position in Comcast Co. (NASDAQ:CMCSA) by 37.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,540 shares of the cable giant’s stock after buying an additional 2,038 shares during the period. Second Line Capital LLC’s holdings in Comcast were worth $315,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Soltis Investment Advisors LLC lifted its stake in Comcast by 8.9% in the third quarter. Soltis Investment Advisors LLC now owns 9,325 shares of the cable giant’s stock valued at $390,000 after buying an additional 766 shares in the last quarter. Hobbs Group Advisors LLC lifted its position in Comcast by 12.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 3,669 shares of the cable giant’s stock valued at $153,000 after acquiring an additional 393 shares in the last quarter. Fortem Financial Group LLC boosted its stake in Comcast by 107.3% in the 3rd quarter. Fortem Financial Group LLC now owns 20,614 shares of the cable giant’s stock worth $861,000 after purchasing an additional 10,670 shares during the period. Toronto Dominion Bank increased its holdings in Comcast by 7.7% during the 3rd quarter. Toronto Dominion Bank now owns 2,745,224 shares of the cable giant’s stock worth $114,668,000 after purchasing an additional 197,031 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Comcast by 11.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 187,947 shares of the cable giant’s stock valued at $7,863,000 after purchasing an additional 19,039 shares during the period. Institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 4th. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their price target on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

Insider Activity

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

NASDAQ:CMCSA opened at $39.53 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11. The stock’s 50 day moving average price is $42.42 and its two-hundred day moving average price is $40.31. The firm has a market capitalization of $151.26 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.63 and a beta of 0.99.

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

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Comcast 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.