Brown Lisle Cummings Inc. Reduces Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Brown Lisle Cummings Inc. reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 31,758 shares of the cable giant’s stock after selling 552 shares during the quarter. Brown Lisle Cummings Inc.’s holdings in Comcast were worth $1,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after purchasing an additional 132,442 shares in the last quarter. Czech National Bank grew its position in shares of Comcast by 5.5% during the third quarter. Czech National Bank now owns 786,946 shares of the cable giant’s stock worth $32,871,000 after purchasing an additional 41,061 shares in the last quarter. GAMMA Investing LLC raised its stake in Comcast by 41.9% during the 3rd quarter. GAMMA Investing LLC now owns 55,912 shares of the cable giant’s stock valued at $2,335,000 after purchasing an additional 16,507 shares during the period. Diversified Trust Co lifted its holdings in Comcast by 16.7% in the 3rd quarter. Diversified Trust Co now owns 208,262 shares of the cable giant’s stock worth $8,699,000 after purchasing an additional 29,730 shares in the last quarter. Finally, Miracle Mile Advisors LLC grew its holdings in Comcast by 6.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 8,058 shares of the cable giant’s stock valued at $337,000 after buying an additional 466 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Comcast

In related 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 value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Benchmark cut their price objective on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $48.00 to $44.50 in a research report on Monday. Macquarie reduced their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Evercore ISI upgraded Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Trading Down 1.4 %

Shares of NASDAQ CMCSA opened at $33.19 on Tuesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The business’s 50 day moving average price is $38.61 and its 200-day moving average price is $40.07. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.38. The company has a market cap of $127.00 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 1.23 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 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, sell-side analysts expect that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.98%. Comcast’s payout ratio is 29.88%.

Comcast 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.