Oak Asset Management LLC Sells 4,808 Shares of Comcast Co. (NASDAQ:CMCSA)

Oak Asset Management LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,590 shares of the cable giant’s stock after selling 4,808 shares during the period. Comcast comprises approximately 1.1% of Oak Asset Management LLC’s holdings, making the stock its 26th largest position. Oak Asset Management LLC’s holdings in Comcast were worth $3,100,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Fairscale Capital LLC bought a new stake in shares of Comcast in the second quarter worth approximately $26,000. McClarren Financial Advisors Inc. grew its position in Comcast by 365.4% in the 3rd 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 purchased a new stake in Comcast during the 3rd quarter valued at $30,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Comcast by 220.3% during the 3rd 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 stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares during the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Price Performance

CMCSA stock opened at $36.45 on Tuesday. The company has a market capitalization of $139.48 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company’s fifty day moving average price is $40.57 and its 200-day moving average price is $40.25. Comcast Co. has a one year low of $36.24 and a one year high of $47.11. 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 data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

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

Insider Activity at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the 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 sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

CMCSA has been the topic of several research reports. KeyCorp raised their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a report on Wednesday, November 6th. Morgan Stanley cut shares of Comcast from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $45.00 in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Barclays upped their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.33.

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.