M&R Capital Management Inc. Trims Stake in Comcast Co. (NASDAQ:CMCSA)

M&R Capital Management Inc. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA – Get Rating) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,449 shares of the cable giant’s stock after selling 7,245 shares during the quarter. Comcast accounts for 0.9% of M&R Capital Management Inc.’s holdings, making the stock its 27th largest position. M&R Capital Management Inc.’s holdings in Comcast were worth $3,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mach 1 Financial Group LLC purchased a new stake in shares of Comcast in the third quarter valued at approximately $31,000. Cowa LLC purchased a new stake in shares of Comcast in the third quarter valued at approximately $36,000. TD Capital Management LLC purchased a new stake in shares of Comcast in the third quarter valued at approximately $38,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Comcast in the fourth quarter valued at approximately $48,000. Finally, Bellwether Advisors LLC increased its position in shares of Comcast by 33.3% in the third quarter. Bellwether Advisors LLC now owns 1,368 shares of the cable giant’s stock valued at $40,000 after buying an additional 342 shares in the last quarter. 82.23% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 0.6 %

Shares of Comcast stock traded down $0.21 during trading hours on Friday, hitting $36.03. The company’s stock had a trading volume of 51,723,725 shares, compared to its average volume of 20,243,703. Comcast Co. has a twelve month low of $28.39 and a twelve month high of $48.42. The firm has a fifty day moving average of $38.18 and a 200-day moving average of $35.10. The stock has a market cap of $151.90 billion, a price-to-earnings ratio of 30.28, a P/E/G ratio of 0.74 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.78 and a current ratio of 0.78.

Comcast (NASDAQ:CMCSA – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The cable giant reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $30.55 billion for the quarter, compared to the consensus estimate of $30.36 billion. Comcast had a return on equity of 18.40% and a net margin of 4.42%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 EPS. Research analysts forecast that Comcast Co. will post 3.67 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Investors of record on Wednesday, April 5th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, April 4th. This is an increase from Comcast’s previous quarterly dividend of $0.27. Comcast’s payout ratio is currently 97.48%.

Insider Activity at Comcast

In related news, major shareholder Corp Comcast sold 1,977,877 shares of the business’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $3.27, for a total value of $6,467,657.79. Following the sale, the insider now owns 28,902,123 shares in the company, valued at approximately $94,509,942.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 7,527,791 shares of company stock worth $19,025,007. 1.11% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. TheStreet raised Comcast from a “c” rating to a “b-” rating in a research note on Thursday, January 26th. Rosenblatt Securities lifted their price target on Comcast from $32.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, January 27th. Bank of America reaffirmed a “neutral” rating and issued a $44.00 price target on shares of Comcast in a research note on Tuesday, February 28th. Pivotal Research lifted their price target on Comcast from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Finally, Cowen lowered their price target on Comcast from $49.00 to $46.00 and set an “outperform” rating on the stock in a research note on Friday, January 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $44.29.

Comcast Profile

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.