L.M. Kohn & Company Sells 966 Shares of Comcast Co. (NASDAQ:CMCSA)

L.M. Kohn & Company trimmed its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 10.4% in the fourth quarter, HoldingsChannel reports. The firm owned 8,290 shares of the cable giant’s stock after selling 966 shares during the quarter. L.M. Kohn & Company’s holdings in Comcast were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of CMCSA. AMF Tjanstepension AB boosted its position 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 valued at $34,810,000 after acquiring an additional 132,442 shares during the period. Creative Planning raised its stake in Comcast by 2.7% in the third quarter. Creative Planning now owns 959,549 shares of the cable giant’s stock valued at $40,080,000 after purchasing an additional 24,968 shares in the last quarter. Net Worth Advisory Group acquired a new position in Comcast in the third quarter valued at about $590,000. Blue Trust Inc. raised its stake in Comcast by 15.8% in the third quarter. Blue Trust Inc. now owns 45,891 shares of the cable giant’s stock valued at $1,797,000 after purchasing an additional 6,274 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Comcast by 28.0% in the third quarter. Capital Investment Advisors LLC now owns 46,108 shares of the cable giant’s stock valued at $1,926,000 after purchasing an additional 10,081 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related 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 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 $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The stock was 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 in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA stock opened at $35.39 on Monday. The business’s 50 day simple moving average is $36.93 and its 200 day simple moving average is $39.71. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The stock has a market capitalization of $133.81 billion, a PE ratio of 8.53, a PEG ratio of 1.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.

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%. As a group, research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business 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 an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.73%. Comcast’s dividend payout ratio (DPR) is 29.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CMCSA. Morgan Stanley dropped their price target on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities dropped their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company lowered their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Finally, Pivotal Research boosted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Nine investment 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, Comcast presently has an average rating of “Moderate Buy” and an average 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.