Comcast Co. (NASDAQ:CMCSA) Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. reduced its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,262,530 shares of the cable giant’s stock after selling 21,130 shares during the period. Comcast comprises approximately 1.7% of LGT Capital Partners LTD.’s holdings, making the stock its 23rd biggest position. LGT Capital Partners LTD.’s holdings in Comcast were worth $55,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. Shepherd Financial Partners LLC raised its holdings in shares of Comcast by 1.7% during the second quarter. Shepherd Financial Partners LLC now owns 53,491 shares of the cable giant’s stock worth $2,223,000 after purchasing an additional 909 shares during the period. Everett Harris & Co. CA raised its position in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Comcast in the 3rd quarter worth approximately $8,868,000. CIC Wealth LLC lifted its stake in Comcast by 42.8% in the third quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock valued at $390,000 after buying an additional 2,638 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in shares of Comcast during the third quarter worth about $90,000. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA opened at $43.35 on Friday. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $172.18 billion, a PE ratio of 11.65, a P/E/G ratio of 0.98 and a beta of 0.98. The company has a fifty day moving average price of $43.09 and a two-hundred day moving average price of $43.22.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. As a group, analysts anticipate that Comcast Co. will post 4.3 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.86%. Comcast’s dividend payout ratio (DPR) is presently 31.18%.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CMCSA shares. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Pivotal Research raised their price objective on Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Citigroup upped their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.68.

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.