Boston Family Office LLC Sells 603 Shares of Comcast Co. (NASDAQ:CMCSA)

Boston Family Office LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,555 shares of the cable giant’s stock after selling 603 shares during the period. Boston Family Office LLC’s holdings in Comcast were worth $3,445,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Holistic Financial Partners lifted its holdings in Comcast by 5.7% in the fourth quarter. Holistic Financial Partners now owns 24,172 shares of the cable giant’s stock valued at $1,060,000 after buying an additional 1,301 shares during the period. Legacy Advisors LLC lifted its holdings in Comcast by 12.0% in the fourth quarter. Legacy Advisors LLC now owns 33,321 shares of the cable giant’s stock valued at $1,461,000 after buying an additional 3,568 shares during the period. Sar Wealth Management Group LLC acquired a new position in Comcast in the fourth quarter valued at approximately $231,000. Provident Investment Management Inc. lifted its holdings in Comcast by 6.9% in the fourth quarter. Provident Investment Management Inc. now owns 15,395 shares of the cable giant’s stock valued at $675,000 after buying an additional 1,000 shares during the period. Finally, Focus Financial Network Inc. ADV bought a new stake in Comcast in the fourth quarter valued at approximately $857,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the sale, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

Comcast Stock Up 2.1 %

Shares of CMCSA stock traded up $0.79 during mid-day trading on Thursday, reaching $38.73. 7,408,327 shares of the company’s stock traded hands, compared to its average volume of 20,433,713. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The company’s 50-day moving average price is $39.92 and its 200-day moving average price is $41.98. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market cap of $151.96 billion, a P/E ratio of 10.24, a P/E/G ratio of 0.96 and a beta of 0.99.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The business had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.20%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Wells Fargo & Company reduced their target price on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. Oppenheimer reiterated an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Finally, BNP Paribas reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.

Read Our Latest Stock Analysis on CMCSA

Comcast Company Profile

(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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