Comcast Co. (NASDAQ:CMCSA) Shares Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 16.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,855 shares of the cable giant’s stock after selling 2,298 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Comcast were worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of Comcast during the 2nd quarter worth about $26,000. McClarren Financial Advisors Inc. raised its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter valued at $30,000. Iron Horse Wealth Management LLC grew its stake in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. Finally, Dunhill Financial LLC increased its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Comcast in a report on Tuesday, November 19th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $47.75 to $48.00 in a report on Friday, November 1st. Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Finally, Pivotal Research lifted their target price on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Trading Up 0.2 %

CMCSA opened at $36.45 on Tuesday. Comcast Co. has a 12-month low of $36.24 and a 12-month high of $47.11. 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 stock has a market capitalization of $139.48 billion, a PE ratio of 9.80, a P/E/G ratio of 1.50 and a beta of 1.01. The firm’s fifty day moving average price is $40.57 and its 200 day moving average price is $40.25.

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

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is currently 33.33%.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’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 completion of the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Company 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.