First City Capital Management Inc. Sells 301 Shares of Comcast Co. (NASDAQ:CMCSA)

First City Capital Management Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 3.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,061 shares of the cable giant’s stock after selling 301 shares during the period. First City Capital Management Inc.’s holdings in Comcast were worth $340,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CMCSA. Wilmington Savings Fund Society FSB lifted its stake in shares of Comcast by 55,334.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock valued at $345,565,000 after purchasing an additional 8,258,128 shares during the period. FMR LLC lifted its stake in Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Comcast by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock worth $339,223,000 after buying an additional 4,182,525 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Comcast by 530.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock worth $143,242,000 after buying an additional 2,885,370 shares during the period. Finally, Darsana Capital Partners LP increased its stake in shares of Comcast by 26.7% in the 2nd quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after acquiring an additional 2,000,000 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CMCSA. TD Cowen reduced their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Pivotal Research increased their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Company boosted their price objective on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Evercore ISI raised Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Scotiabank raised 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 research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.39.

Comcast Stock Up 0.6 %

Comcast stock traded up $0.21 during trading hours on Friday, hitting $37.63. 6,250,501 shares of the stock traded hands, compared to its average volume of 17,412,820. Comcast Co. has a one year low of $36.43 and a one year high of $47.11. The company has a market cap of $143.99 billion, a PE ratio of 10.12, a PEG ratio of 1.50 and a beta of 0.99. The firm’s 50-day moving average price is $41.33 and its two-hundred day moving average price is $40.25. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its 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. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.30%. Comcast’s payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction 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 sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 sale, the president now directly 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 disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

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.