DORCHESTER WEALTH MANAGEMENT Co Sells 575 Shares of Comcast Co. (NASDAQ:CMCSA)

DORCHESTER WEALTH MANAGEMENT Co lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 0.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 199,705 shares of the cable giant’s stock after selling 575 shares during the quarter. Comcast accounts for 1.5% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 24th biggest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Comcast were worth $7,495,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CMCSA. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in Comcast during the fourth quarter worth approximately $27,000. Wingate Wealth Advisors Inc. acquired a new stake in Comcast during the fourth quarter worth approximately $28,000. Safe Harbor Fiduciary LLC acquired a new stake in Comcast during the third quarter worth approximately $30,000. Finally, Dunhill Financial LLC grew its position in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of analyst reports. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price target on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Rosenblatt Securities reduced their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley reduced their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Trading Down 0.4 %

NASDAQ CMCSA opened at $36.26 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a market cap of $137.08 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business’s fifty day moving average is $36.58 and its 200 day moving average is $39.58.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, sell-side analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. Comcast’s dividend payout ratio (DPR) is 29.88%.

Insider Buying and Selling

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.