Crestwood Advisors Group LLC Sells 10,102 Shares of Comcast Co. (NASDAQ:CMCSA)

Crestwood Advisors Group LLC trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 216,009 shares of the cable giant’s stock after selling 10,102 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Comcast were worth $8,107,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB raised its position in Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares in the last quarter. FMR LLC increased its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the last quarter. Public Sector Pension Investment Board raised its holdings 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 worth $143,242,000 after buying an additional 2,885,370 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Comcast by 31.7% during the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock worth $318,036,000 after buying an additional 1,833,453 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after buying an additional 1,717,762 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on CMCSA. The Goldman Sachs Group lowered their target price on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Bank of America cut shares of Comcast from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Pivotal Research raised their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. cut their price objective on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price for the company in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $36.26 on Monday. The company has a market capitalization of $137.08 billion, a PE ratio of 8.74, a P/E/G ratio of 1.78 and a beta of 1.00. 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 firm has a fifty day simple moving average of $36.58 and a 200 day simple moving average of $39.59.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.64%. Comcast’s payout ratio is 31.81%.

Insiders Place Their Bets

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast 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.