U.S. Capital Wealth Advisors LLC Sells 3,493 Shares of Comcast Co. (NASDAQ:CMCSA)

U.S. Capital Wealth Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,567 shares of the cable giant’s stock after selling 3,493 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Comcast were worth $1,335,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Comcast by 5.4% during the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after acquiring an additional 416,759 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comcast by 6.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after acquiring an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board boosted its position in shares of Comcast by 5.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after acquiring an additional 822,936 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Comcast by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after acquiring an additional 676,920 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $33.55 on Wednesday. The stock’s fifty day moving average is $38.41 and its 200-day moving average is $40.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68. The stock has a market capitalization of $128.38 billion, a PE ratio of 8.08, a PEG ratio of 1.23 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.38.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities research analysts expect that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.93%. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Insider Activity at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value 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 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 have recently weighed in on CMCSA shares. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, January 31st. Citigroup cut their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities cut their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average target price of $44.13.

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.