Telos Capital Management Inc. Sells 1,125 Shares of Comcast Co. (NASDAQ:CMCSA)

Telos Capital Management Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,129 shares of the cable giant’s stock after selling 1,125 shares during the period. Telos Capital Management Inc.’s holdings in Comcast were worth $268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CMCSA. GHP Investment Advisors Inc. boosted its stake in shares of Comcast by 7.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 125,463 shares of the cable giant’s stock valued at $4,709,000 after buying an additional 8,616 shares during the period. Trilogy Capital Inc. lifted its position in shares of Comcast by 4.7% during the 4th quarter. Trilogy Capital Inc. now owns 71,549 shares of the cable giant’s stock valued at $2,685,000 after acquiring an additional 3,187 shares during the period. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Comcast by 9.0% during the 4th quarter. Meadow Creek Wealth Advisors LLC now owns 14,014 shares of the cable giant’s stock worth $526,000 after purchasing an additional 1,160 shares in the last quarter. Private Management Group Inc. increased its position in shares of Comcast by 3.0% in the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after purchasing an additional 24,827 shares during the period. Finally, Econ Financial Services Corp acquired a new position in Comcast in the fourth quarter valued at about $2,944,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

CMCSA stock opened at $34.37 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company’s fifty day simple moving average is $37.89 and its 200 day simple moving average is $39.89. 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 $131.52 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 1.23 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last announced its 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 return on equity of 19.98% and a net margin of 13.09%. On average, analysts expect that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 29.88%.

Insiders Place Their Bets

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated 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. The trade was 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.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Scotiabank cut shares of 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 note on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Barclays reduced their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

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.