Comcast Co. (NASDAQ:CMCSA) Shares Sold by Wealth Alliance

Wealth Alliance decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,259 shares of the cable giant’s stock after selling 1,128 shares during the period. Wealth Alliance’s holdings in Comcast were worth $1,173,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CMCSA. Wilmington Savings Fund Society FSB increased its holdings in shares of Comcast by 55,334.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after buying an additional 8,258,128 shares during the last quarter. FMR LLC increased its holdings in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. Public Sector Pension Investment Board increased its holdings 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 last quarter. National Bank of Canada FI increased its holdings in shares of Comcast by 31.7% during the 3rd quarter. National Bank of Canada FI now owns 7,613,977 shares of the cable giant’s stock worth $318,036,000 after buying an additional 1,833,453 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after buying an additional 1,717,762 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was 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 of the company’s stock, 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 Performance

Shares of CMCSA stock opened at $36.41 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The stock has a market capitalization of $137.67 billion, a PE ratio of 8.77, a P/E/G ratio of 1.78 and a beta of 1.00. The firm has a 50 day moving average of $36.65 and a two-hundred day moving average of $39.60.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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, research analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is 29.88%.

Wall Street Analyst Weigh In

CMCSA has been the subject of a number of recent analyst reports. Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Scotiabank downgraded shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Pivotal Research raised their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital cut their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, KeyCorp lifted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Nine equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

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.