R.H. Dinel Investment Counsel Inc. Sells 3,750 Shares of Comcast Co. (NASDAQ:CMCSA)

R.H. Dinel Investment Counsel Inc. decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,824 shares of the cable giant’s stock after selling 3,750 shares during the quarter. Comcast comprises approximately 1.5% of R.H. Dinel Investment Counsel Inc.’s investment portfolio, making the stock its 20th largest position. R.H. Dinel Investment Counsel Inc.’s holdings in Comcast were worth $2,377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors raised its holdings in Comcast by 17.0% during the 4th quarter. Capital World Investors now owns 107,773,317 shares of the cable giant’s stock worth $4,725,926,000 after purchasing an additional 15,625,543 shares during the last quarter. Norges Bank acquired a new stake in shares of Comcast during the 4th quarter worth approximately $2,542,988,000. Harris Associates L P grew its position in shares of Comcast by 10.9% during the 4th quarter. Harris Associates L P now owns 18,873,787 shares of the cable giant’s stock worth $827,616,000 after buying an additional 1,854,671 shares during the period. LSV Asset Management grew its position in shares of Comcast by 3.8% during the 4th quarter. LSV Asset Management now owns 15,688,650 shares of the cable giant’s stock worth $687,947,000 after buying an additional 570,050 shares during the period. Finally, Raymond James & Associates grew its position in shares of Comcast by 2.3% during the 4th quarter. Raymond James & Associates now owns 14,692,327 shares of the cable giant’s stock worth $644,258,000 after buying an additional 329,278 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Up 2.3 %

NASDAQ CMCSA opened at $39.16 on Friday. The stock has a market cap of $153.65 billion, a PE ratio of 10.36, a P/E/G ratio of 0.96 and a beta of 1.00. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46. The stock’s 50 day moving average is $38.71 and its 200 day moving average is $41.39. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The business had revenue of $30.06 billion for the quarter, compared to analysts’ expectations of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.17%. The ex-dividend date is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CMCSA. Macquarie reduced their price objective on shares of Comcast from $43.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Wells Fargo & Company reduced their price objective on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective for the company. in a research report on Tuesday, June 11th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Comcast in a research report on Tuesday. They issued a “buy” rating and a $44.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.62.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

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.