Comcast Co. (NASDAQ:CMCSA) Shares Sold by Mcdonald Partners LLC

Mcdonald Partners LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,496 shares of the cable giant’s stock after selling 981 shares during the quarter. Mcdonald Partners LLC’s holdings in Comcast were worth $619,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hara Capital LLC grew its position in Comcast by 5.4% in the fourth quarter. Hara Capital LLC now owns 8,615 shares of the cable giant’s stock valued at $323,000 after acquiring an additional 441 shares in the last quarter. Bfsg LLC grew its position in Comcast by 752.8% in the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock valued at $3,129,000 after acquiring an additional 73,590 shares in the last quarter. Buckingham Capital Management Inc. boosted its stake in shares of Comcast by 3.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 38,992 shares of the cable giant’s stock valued at $1,463,000 after buying an additional 1,330 shares during the last quarter. BKM Wealth Management LLC boosted its stake in shares of Comcast by 7.8% during the 4th quarter. BKM Wealth Management LLC now owns 23,510 shares of the cable giant’s stock valued at $882,000 after buying an additional 1,708 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of Comcast by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 180,309 shares of the cable giant’s stock valued at $6,767,000 after buying an additional 9,390 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. The Goldman Sachs Group reduced 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 Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $44.13.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 approximately $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. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Performance

CMCSA stock opened at $36.35 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The stock has a market capitalization of $137.42 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 1.69 and a beta of 1.00. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The stock’s fifty day moving average is $36.79 and its two-hundred day moving average is $39.64.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, research analysts predict 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. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.63%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 29.88%.

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.