Comcast Co. (NASDAQ:CMCSA) Shares Sold by Crumly & Associates Inc.

Crumly & Associates Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 37.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,028 shares of the cable giant’s stock after selling 5,356 shares during the period. Crumly & Associates Inc.’s holdings in Comcast were worth $339,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CMCSA. AMF Tjanstepension AB raised its position in Comcast by 18.9% during the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after acquiring an additional 132,442 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Comcast by 11.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 40,941 shares of the cable giant’s stock worth $1,710,000 after purchasing an additional 4,128 shares during the last quarter. Eastern Bank lifted its stake in Comcast by 67.4% in the 3rd quarter. Eastern Bank now owns 17,295 shares of the cable giant’s stock valued at $722,000 after buying an additional 6,963 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Comcast in the 3rd quarter worth about $357,000. Finally, Monte Financial Group LLC increased its stake in Comcast by 1.8% during the 3rd quarter. Monte Financial Group LLC now owns 207,489 shares of the cable giant’s stock worth $8,667,000 after buying an additional 3,634 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the business’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 transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CMCSA shares. Benchmark reduced their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group cut their price objective on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Citigroup lowered their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Comcast Price Performance

CMCSA opened at $36.41 on Friday. The stock’s 50-day moving average price is $36.65 and its 200 day moving average price is $39.60. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market cap of $137.67 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.79 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, sell-side analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.63%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 29.88%.

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.