Comcast Co. (NASDAQ:CMCSA) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 39,869 shares of the cable giant’s stock after selling 1,587 shares during the period. Stonegate Investment Group LLC’s holdings in Comcast were worth $1,748,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Comcast in the fourth quarter valued at $1,798,173,000. Moneta Group Investment Advisors LLC lifted its stake in Comcast by 121,265.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after acquiring an additional 25,509,390 shares in the last quarter. Morgan Stanley boosted its position in Comcast by 15.2% during the 4th quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock worth $1,876,273,000 after acquiring an additional 7,084,451 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Comcast by 62.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after acquiring an additional 5,880,050 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Comcast by 229.6% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,369,912 shares of the cable giant’s stock valued at $264,670,000 after acquiring an additional 4,437,276 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Insider Buying and Selling at Comcast

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

Comcast Stock Down 1.1 %

Shares of CMCSA opened at $41.81 on Wednesday. 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 capitalization of $166.06 billion, a P/E ratio of 11.24, a PEG ratio of 0.97 and a beta of 0.98. The business’s 50 day simple moving average is $43.04 and its 200-day simple moving average is $43.13. Comcast Co. has a one year low of $36.38 and a one year high of $47.46.

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

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.31 dividend. 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%. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio is currently 31.18%.

Analyst Ratings Changes

CMCSA has been the subject of several research reports. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research report on Tuesday, March 26th. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup lifted their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. Wells Fargo & Company upped their target price on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, January 26th. Finally, Pivotal Research lifted their price target on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus price target of $49.68.

Get Our Latest Report on CMCSA

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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