DeDora Capital Inc. Has $418,000 Position in Comcast Co. (NASDAQ:CMCSA)

DeDora Capital Inc. reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,132 shares of the cable giant’s stock after selling 425 shares during the quarter. DeDora Capital Inc.’s holdings in Comcast were worth $418,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. World Investment Advisors LLC grew its position in shares of Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Robinson Value Management Ltd. grew its position in Comcast by 136.7% during the fourth quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock worth $3,842,000 after buying an additional 59,107 shares in the last quarter. Tidal Investments LLC grew its position in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after buying an additional 22,684 shares in the last quarter. Private Management Group Inc. grew its position in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after buying an additional 24,827 shares in the last quarter. Finally, Parnassus Investments LLC grew its position in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after buying an additional 68,139 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’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 completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Citigroup decreased their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Finally, BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, January 31st. Ten equities research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Stock Performance

NASDAQ:CMCSA opened at $35.39 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The firm has a 50 day moving average of $37.08 and a 200-day moving average of $39.76. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The stock has a market capitalization of $133.81 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed 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. This represents a $1.32 annualized dividend and a yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 31.81%.

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.