Coerente Capital Management Trims Holdings in Comcast Co. (NASDAQ:CMCSA)

Coerente Capital Management lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 0.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 511,410 shares of the cable giant’s stock after selling 1,540 shares during the quarter. Comcast makes up about 3.6% of Coerente Capital Management’s investment portfolio, making the stock its 15th largest holding. Coerente Capital Management’s holdings in Comcast were worth $19,193,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. grew its stake in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Comcast in the third quarter worth $30,000. Iron Horse Wealth Management LLC lifted its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after buying an additional 522 shares during the period. Finally, Dunhill Financial LLC boosted its holdings in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after buying an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CMCSA. Barclays increased their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Wednesday, November 6th. StockNews.com raised Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday, January 17th. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the 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 transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Comcast Price Performance

NASDAQ CMCSA opened at $33.66 on Friday. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $47.11. The firm’s 50 day moving average price is $38.61 and its 200-day moving average price is $40.07. The company has a market cap of $128.80 billion, a PE ratio of 9.05, a P/E/G ratio of 1.36 and a beta of 1.01. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Increases Dividend

The company 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 $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.92%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is currently 33.33%.

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.