Comcast Co. (NASDAQ:CMCSA) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 4.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 457,370 shares of the cable giant’s stock after selling 18,817 shares during the period. NFJ Investment Group LLC’s holdings in Comcast were worth $19,104,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Koshinski Asset Management Inc. increased its position in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares during the period. Taurus Asset Management LLC increased its stake in Comcast by 2.9% during the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after acquiring an additional 253 shares during the period. Regent Peak Wealth Advisors LLC grew its holdings in shares of Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock worth $353,000 after purchasing an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock worth $243,000 after purchasing an additional 260 shares during the period. Finally, Greenwich Wealth Management LLC raised its stake in shares of Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after buying an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 0.2 %

CMCSA traded up $0.10 during trading on Tuesday, reaching $43.29. The company had a trading volume of 16,253,456 shares, compared to its average volume of 17,392,168. The business’s fifty day moving average price is $42.29 and its 200 day moving average price is $40.18. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.11. The company has a market cap of $165.65 billion, a P/E ratio of 11.64, a PEG ratio of 1.63 and a beta of 0.99.

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

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CMCSA. Wells Fargo & Company increased their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Macquarie lifted their price target on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Comcast in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.19.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction that occurred 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 $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.