Comcast Co. (NASDAQ:CMCSA) Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. decreased its position in Comcast Co. (NASDAQ:CMCSA) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 166,410 shares of the cable giant’s stock after selling 2,810 shares during the quarter. Bard Financial Services Inc.’s holdings in Comcast were worth $6,245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. increased its stake in Comcast by 26.7% in the fourth quarter. Neville Rodie & Shaw Inc. now owns 18,481 shares of the cable giant’s stock valued at $693,000 after purchasing an additional 3,900 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Comcast by 26.5% in the 4th quarter. Versant Capital Management Inc now owns 5,396 shares of the cable giant’s stock valued at $203,000 after purchasing an additional 1,132 shares during the period. Old Port Advisors lifted its stake in Comcast by 4.9% in the fourth quarter. Old Port Advisors now owns 6,910 shares of the cable giant’s stock valued at $259,000 after buying an additional 325 shares during the last quarter. DGS Capital Management LLC increased its holdings in shares of Comcast by 4.5% in the 3rd quarter. DGS Capital Management LLC now owns 28,498 shares of the cable giant’s stock valued at $1,190,000 after acquiring an additional 1,221 shares during the period. Finally, Synovus Financial Corp raised its holdings in shares of Comcast by 2.2% in the third quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant’s stock valued at $6,434,000 after buying an additional 3,323 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Up 0.1 %

CMCSA traded up $0.03 during midday trading on Monday, hitting $37.70. The company’s stock had a trading volume of 7,328,272 shares, compared to its average volume of 18,669,895. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The firm has a 50-day moving average price of $41.25 and a two-hundred day moving average price of $40.30. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $144.26 billion, a P/E ratio of 10.13, a PEG ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. Comcast’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share. On average, research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Insider Buying and Selling at Comcast

In related 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 directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on Tuesday, November 26th. The shares were 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 owns 6,669,928 shares of the company’s stock, valued at approximately $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. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CMCSA shares. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Comcast 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.