Comcast Co. (NASDAQ:CMCSA) Shares Sold by Atlas Brown Inc.

Atlas Brown Inc. trimmed its position in Comcast Co. (NASDAQ:CMCSA) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,509 shares of the cable giant’s stock after selling 879 shares during the period. Atlas Brown Inc.’s holdings in Comcast were worth $1,070,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC acquired a new position in shares of Comcast during the second quarter valued at $27,000. AGF Management Ltd. increased its stake in shares of Comcast by 498.2% in the second quarter. AGF Management Ltd. now owns 250,915 shares of the cable giant’s stock valued at $9,826,000 after purchasing an additional 208,969 shares during the period. LPL Financial LLC raised its holdings in shares of Comcast by 0.8% during the second quarter. LPL Financial LLC now owns 3,304,250 shares of the cable giant’s stock valued at $129,394,000 after buying an additional 25,519 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Comcast by 5.4% during the second quarter. American Century Companies Inc. now owns 3,152,738 shares of the cable giant’s stock worth $123,461,000 after buying an additional 161,737 shares during the period. Finally, Jupiter Asset Management Ltd. grew its holdings in Comcast by 11.8% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,521,116 shares of the cable giant’s stock worth $98,727,000 after buying an additional 265,949 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CMCSA. Deutsche Bank Aktiengesellschaft raised their price target on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities restated a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Wednesday, November 6th. TD Cowen decreased their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Macquarie reiterated a “neutral” rating and set a $42.00 price target on shares of Comcast in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Stock Down 2.0 %

Shares of Comcast stock traded down $0.75 during midday trading on Friday, hitting $36.42. The company’s stock had a trading volume of 20,148,249 shares, compared to its average volume of 23,817,039. The firm has a market capitalization of $139.36 billion, a P/E ratio of 9.79, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a 1-year low of $36.24 and a 1-year high of $47.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock has a 50-day simple moving average of $40.83 and a 200-day simple moving average of $40.25.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. As a group, sell-side analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.40%. Comcast’s payout ratio is 33.33%.

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.