Comcast Co. (NASDAQ:CMCSA) Shares Sold by Country Club Bank GFN

Country Club Bank GFN lowered its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 29,514 shares of the cable giant’s stock after selling 660 shares during the period. Country Club Bank GFN’s holdings in Comcast were worth $1,302,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CMCSA. Everett Harris & Co. CA boosted its holdings in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Comcast in the 3rd quarter valued at $8,868,000. PFG Advisors increased its holdings in Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after buying an additional 5,159 shares during the last quarter. CIC Wealth LLC raised its stake in Comcast by 42.8% in the third quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock valued at $390,000 after buying an additional 2,638 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Comcast during the 3rd quarter worth about $90,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Citigroup upped their target price on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Rosenblatt Securities lifted their target price 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. Pivotal Research upped their target price on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Wells Fargo & Company upped their price objective on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.68.

View Our Latest Stock Analysis on CMCSA

Comcast Price Performance

Shares of NASDAQ CMCSA traded down $0.19 during mid-day trading on Tuesday, hitting $41.78. 4,595,271 shares of the stock traded hands, compared to its average volume of 20,003,098. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $165.94 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The firm has a 50 day simple moving average of $43.08 and a two-hundred day simple moving average of $43.16.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. As a group, equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors 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 is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.97%. Comcast’s dividend payout ratio is currently 31.18%.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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