Comcast Co. (NASDAQ:CMCSA) Shares Sold by R.H. Dinel Investment Counsel Inc.

R.H. Dinel Investment Counsel Inc. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,824 shares of the cable giant’s stock after selling 3,750 shares during the period. Comcast makes up 1.5% of R.H. Dinel Investment Counsel Inc.’s holdings, making the stock its 20th biggest holding. R.H. Dinel Investment Counsel Inc.’s holdings in Comcast were worth $2,377,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Steph & Co. boosted its holdings in shares of Comcast by 154.6% in the 1st quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after buying an additional 371 shares in the last quarter. OLD Point Trust & Financial Services N A purchased a new stake in Comcast in the 4th quarter valued at $28,000. Pineridge Advisors LLC purchased a new stake in Comcast in the 4th quarter valued at $32,000. Financial Synergies Wealth Advisors Inc. raised its position in Comcast by 336.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 593 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners purchased a new stake in Comcast in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Benchmark reaffirmed a “buy” rating and set a $55.00 price target on shares of Comcast in a research note on Monday, May 13th. Scotiabank lowered their price target on shares of Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research note on Wednesday, April 3rd. Finally, BNP Paribas cut shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.62.

Comcast Price Performance

Shares of NASDAQ CMCSA opened at $39.16 on Friday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The firm’s 50-day simple moving average is $38.71 and its 200 day simple moving average is $41.39. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The stock has a market cap of $153.65 billion, a P/E ratio of 10.36, a P/E/G ratio of 0.96 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. During the same period in the previous year, the business earned $0.92 earnings per share. Comcast’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors 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 annualized dividend and a dividend yield of 3.17%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the completion of the sale, the insider now owns 2,000,000 shares in the company, valued at approximately $6,380,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.26% of the stock is owned by insiders.

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.