Campbell Newman Asset Management Inc. Lowers Stock Position in Comcast Co. (NASDAQ:CMCSA)

Campbell Newman Asset Management Inc. reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 488,050 shares of the cable giant’s stock after selling 54,023 shares during the quarter. Comcast comprises 1.5% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 28th largest position. Campbell Newman Asset Management Inc.’s holdings in Comcast were worth $18,317,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Fairscale Capital LLC bought a new stake in shares of Comcast during the 2nd quarter valued at about $26,000. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast in the 3rd quarter worth $30,000. Iron Horse Wealth Management LLC increased its holdings in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the period. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $22,779,218.91. This represents 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 company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on CMCSA shares. Pivotal Research lifted their price objective on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Loop Capital cut their target price on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Finally, KeyCorp boosted their price target on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Price Performance

NASDAQ:CMCSA traded up $0.24 during trading hours on Wednesday, reaching $36.62. 1,123,042 shares of the company were exchanged, compared to its average volume of 21,931,178. The stock’s 50-day moving average is $40.44 and its 200-day moving average is $40.23. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11. The firm has a market cap of $140.13 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. On average, sell-side analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently declared 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. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s dividend payout ratio is presently 33.33%.

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.