Goodman Advisory Group LLC Sells 42,920 Shares of Comcast Co. (NASDAQ:CMCSA)

Goodman Advisory Group LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 40.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 62,918 shares of the cable giant’s stock after selling 42,920 shares during the quarter. Comcast makes up about 0.9% of Goodman Advisory Group LLC’s portfolio, making the stock its 27th largest position. Goodman Advisory Group LLC’s holdings in Comcast were worth $2,759,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CMCSA. NewSquare Capital LLC raised its holdings in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock valued at $28,000 after buying an additional 475,675 shares during the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter worth $29,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Comcast during the third quarter worth $33,000. Finally, Tennessee Valley Asset Management Partners acquired a new stake in shares of Comcast during the fourth quarter worth $34,000. Institutional investors own 84.32% of the company’s stock.

Insider Buying and Selling

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CMCSA. Deutsche Bank Aktiengesellschaft decreased their price objective on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Tuesday, April 9th. Citigroup boosted their target price on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Wells Fargo & Company decreased their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Ten equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Comcast Price Performance

Shares of CMCSA traded down $0.09 during trading hours on Wednesday, reaching $39.03. The stock had a trading volume of 6,339,743 shares, compared to its average volume of 20,481,438. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a market capitalization of $155.02 billion, a PE ratio of 10.53, a PEG ratio of 0.96 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The company’s 50-day moving average is $41.97 and its two-hundred day moving average is $42.79.

Comcast (NASDAQ:CMCSA) last announced its 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. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Research analysts expect that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The business also recently declared 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 represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s payout ratio is 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.