Comcast Co. (NASDAQ:CMCSA) Shares Sold by Caitlin John LLC

Caitlin John LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,743 shares of the cable giant’s stock after selling 1,354 shares during the quarter. Caitlin John LLC’s holdings in Comcast were worth $291,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Winch Advisory Services LLC raised its position in Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the period. McClarren Financial Advisors Inc. grew its stake in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter valued at $30,000. Iron Horse Wealth Management LLC boosted its holdings in 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 acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC grew its position in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 1.2 %

Shares of Comcast stock opened at $33.94 on Thursday. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The company’s fifty day simple moving average is $38.22 and its 200-day simple moving average is $39.97. The company has a market cap of $129.87 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.23 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, sell-side analysts expect that Comcast Co. will post 4.4 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. Comcast’s payout ratio is 29.88%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CMCSA. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. BNP Paribas upgraded shares of 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. Wells Fargo & Company lowered their target price on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. cut their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, KeyCorp upped their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.