TRUE Private Wealth Advisors Sells 2,064 Shares of Comcast Co. (NASDAQ:CMCSA)

TRUE Private Wealth Advisors trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 15.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,286 shares of the cable giant’s stock after selling 2,064 shares during the period. TRUE Private Wealth Advisors’ holdings in Comcast were worth $471,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. AQR Capital Management LLC boosted its stake in Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after buying an additional 4,182,525 shares in the last quarter. Public Sector Pension Investment Board grew its position in Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after acquiring an additional 2,885,370 shares during the period. Darsana Capital Partners LP raised its stake in Comcast by 26.7% during the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock worth $372,020,000 after acquiring an additional 2,000,000 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Comcast by 211.7% in the 3rd quarter. SG Americas Securities LLC now owns 2,890,571 shares of the cable giant’s stock valued at $120,739,000 after purchasing an additional 1,963,246 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a research report on Friday, November 1st. Barclays raised their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. KeyCorp boosted their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.19.

Comcast Trading Up 1.5 %

CMCSA opened at $43.19 on Friday. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.11. The company has a market cap of $165.27 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $42.29 and a 200 day simple moving average of $40.17.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 2.87%. Comcast’s payout ratio is currently 33.33%.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the 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 completion of the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were 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 position. 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.