Comcast Co. (NASDAQ:CMCSA) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,113 shares of the cable giant’s stock after selling 6,496 shares during the period. Transcend Capital Advisors LLC’s holdings in Comcast were worth $2,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AMF Tjanstepension AB increased its holdings in Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after buying an additional 132,442 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Comcast during the 3rd quarter valued at about $357,000. McAdam LLC increased its stake in shares of Comcast by 27.1% in the 3rd quarter. McAdam LLC now owns 12,511 shares of the cable giant’s stock valued at $523,000 after purchasing an additional 2,665 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Comcast by 5,414.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock worth $62,959,000 after purchasing an additional 1,479,954 shares during the period. Finally, DT Investment Partners LLC boosted its position in Comcast by 10.0% during the third quarter. DT Investment Partners LLC now owns 7,738 shares of the cable giant’s stock worth $323,000 after purchasing an additional 703 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Stock Down 0.4 %

Shares of CMCSA opened at $36.26 on Friday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a fifty day simple moving average of $36.58 and a two-hundred day simple moving average of $39.58. The company has a market capitalization of $137.08 billion, a PE ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. Comcast’s dividend payout ratio is currently 29.88%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. KeyCorp upped their price objective on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Loop Capital dropped their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. The Goldman Sachs Group reduced their price target on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.