Kimelman & Baird LLC Sells 450 Shares of Comcast Co. (NASDAQ:CMCSA)

Kimelman & Baird LLC trimmed its holdings in Comcast Co. (NASDAQ:CMCSA) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,778 shares of the cable giant’s stock after selling 450 shares during the quarter. Kimelman & Baird LLC’s holdings in Comcast were worth $1,453,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CMCSA. FMR LLC grew its holdings in shares of Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the period. AQR Capital Management LLC boosted its position in Comcast by 92.1% in the second quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after purchasing an additional 4,182,525 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares during the period. Darsana Capital Partners LP increased its position in shares of Comcast by 26.7% during the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after purchasing an additional 2,000,000 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock worth $120,739,000 after purchasing an additional 1,963,246 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent research reports. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. TD Cowen decreased their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Macquarie raised their price objective on Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.19.

Insider Buying and Selling at Comcast

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

Comcast Trading Up 0.8 %

Comcast stock opened at $43.15 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The firm’s 50 day moving average price is $42.48 and its 200-day moving average price is $40.30. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $165.12 billion, a P/E ratio of 11.60, a PEG ratio of 1.61 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 analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the previous year, the firm posted $1.08 EPS. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company 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 dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Comcast Company 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.