Nvwm LLC Sells 1,251 Shares of Comcast Co. (NASDAQ:CMCSA)

Nvwm LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,910 shares of the cable giant’s stock after selling 1,251 shares during the quarter. Nvwm LLC’s holdings in Comcast were worth $1,235,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors LLC lifted its holdings in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares during the period. Tidal Investments LLC grew its stake in Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after purchasing an additional 22,684 shares during the period. Parnassus Investments LLC grew its position in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after buying an additional 68,139 shares during the period. Douglas Lane & Associates LLC grew its position in Comcast by 0.7% during the third quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock valued at $92,331,000 after buying an additional 15,807 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in Comcast during the third quarter worth about $2,541,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group decreased their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley lowered their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $48.00 to $44.50 in a report on Monday. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Barclays cut their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Insider Transactions at Comcast

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

Comcast Stock Up 1.1 %

NASDAQ:CMCSA opened at $33.55 on Wednesday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.38. The company has a market capitalization of $128.38 billion, a PE ratio of 8.08, a P/E/G ratio of 1.23 and a beta of 1.00. The firm’s 50-day moving average price is $38.22 and its 200-day moving average price is $39.97. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts predict that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared 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 of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.93%. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

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.