Brown Miller Wealth Management LLC Has $1.76 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Brown Miller Wealth Management LLC grew its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 2.2% during the 4th quarter, HoldingsChannel reports. The fund owned 40,198 shares of the cable giant’s stock after acquiring an additional 848 shares during the period. Brown Miller Wealth Management LLC’s holdings in Comcast were worth $1,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Advisors LLC increased its stake in shares of Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after purchasing an additional 238 shares during the last quarter. Ironwood Financial llc grew its holdings in shares of Comcast by 1.6% during the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after purchasing an additional 238 shares during the last quarter. Welch Group LLC increased its position in Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after acquiring an additional 239 shares during the period. Boltwood Capital Management raised its position in Comcast by 1.5% during the 3rd quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock worth $720,000 after purchasing an additional 240 shares during the last quarter. Finally, Tradewinds LLC. grew its position in shares of Comcast by 1.3% in the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after buying an additional 241 shares during the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on CMCSA shares. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Wells Fargo & Company upped their target price on shares of Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Rosenblatt Securities upped their price objective on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Evercore ISI reiterated an “outperform” rating and set a $50.00 price target on shares of Comcast in a report on Tuesday. Finally, Citigroup upped their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average price target of $49.68.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.28 during trading hours on Thursday, hitting $43.35. 21,157,230 shares of the company’s stock traded hands, compared to its average volume of 20,287,184. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The business’s fifty day simple moving average is $43.09 and its two-hundred day simple moving average is $43.22. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market cap of $172.18 billion, a P/E ratio of 11.65, a P/E/G ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts anticipate that Comcast Co. will post 4.3 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 2.86%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is 31.18%.

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.