Comcast Co. (NASDAQ:CMCSA) Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its position in Comcast Co. (NASDAQ:CMCSA) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,216 shares of the cable giant’s stock after selling 1,688 shares during the period. Kintegral Advisory LLC’s holdings in Comcast were worth $1,359,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMCSA. Winch Advisory Services LLC increased its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast in the fourth quarter valued at about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter worth about $28,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the 3rd quarter worth about $30,000. Finally, Dunhill Financial LLC lifted its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on 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 sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated 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 directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was 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 insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CMCSA. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Sanford C. Bernstein set a $38.00 price objective on Comcast in a report on Friday, January 31st. Scotiabank lowered shares of Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Finally, Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

Comcast Stock Down 0.4 %

CMCSA stock opened at $36.26 on Friday. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The firm has a market cap of $137.08 billion, a PE ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The firm’s 50 day moving average price is $36.58 and its 200-day moving average price is $39.58. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 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, equities research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

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

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.