Comcast Co. (NASDAQ:CMCSA) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 11.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,115 shares of the cable giant’s stock after selling 5,213 shares during the quarter. Johnson Financial Group Inc.’s holdings in Comcast were worth $1,715,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CMCSA. Greenwich Wealth Management LLC increased its position in Comcast by 2.6% in the 4th quarter. Greenwich Wealth Management LLC now owns 8,492 shares of the cable giant’s stock valued at $372,000 after acquiring an additional 219 shares during the period. Legend Financial Advisors Inc. increased its position in shares of Comcast by 17.5% during the 4th quarter. Legend Financial Advisors Inc. now owns 1,478 shares of the cable giant’s stock valued at $65,000 after purchasing an additional 220 shares during the period. Beaumont Asset Management L.L.C. increased its position in shares of Comcast by 1.6% during the 4th quarter. Beaumont Asset Management L.L.C. now owns 14,141 shares of the cable giant’s stock valued at $620,000 after purchasing an additional 226 shares during the period. Keystone Financial Services increased its position in shares of Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after purchasing an additional 229 shares during the period. Finally, New England Capital Financial Advisors LLC increased its position in shares of Comcast by 15.0% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 1,921 shares of the cable giant’s stock valued at $85,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CMCSA. Macquarie decreased their target price on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Citigroup cut their target price on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their target price on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, Scotiabank cut their target price on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research report on Friday, April 26th. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Insider Activity

In other 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 value of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.14 during trading hours on Friday, hitting $38.54. 14,375,214 shares of the company’s stock were exchanged, compared to its average volume of 20,521,033. Comcast Co. has a 1-year low of $36.43 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $151.22 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 0.97 and a beta of 0.99. The company’s 50-day moving average price is $40.21 and its 200-day moving average price is $42.04.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to analysts’ expectations of $29.83 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. Comcast’s payout ratio is 32.80%.

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.