Comcast Co. (NASDAQ:CMCSA) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,546,696 shares of the cable giant’s stock after selling 23,776 shares during the period. DAVENPORT & Co LLC’s holdings in Comcast were worth $111,845,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CMCSA. Capital Investment Advisors LLC boosted its stake in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after buying an additional 238 shares in the last quarter. Ironwood Financial llc boosted its stake in Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares in the last quarter. Welch Group LLC boosted its stake in Comcast by 4.4% in the third quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after purchasing an additional 239 shares in the last quarter. Boltwood Capital Management boosted its stake in Comcast by 1.5% in the third quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock worth $720,000 after purchasing an additional 240 shares in the last quarter. Finally, Tradewinds LLC. boosted its stake in Comcast by 1.3% in the second quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after purchasing an additional 241 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Trading Down 1.1 %

NASDAQ CMCSA traded down $0.47 on Tuesday, reaching $41.81. The company had a trading volume of 16,801,124 shares, compared to its average volume of 20,186,293. The stock’s 50 day moving average is $43.08 and its 200-day moving average is $43.16. The stock has a market cap of $166.06 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 1.00 and a beta of 0.98. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The company had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Equities analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is 31.18%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company boosted their price objective on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup upped their price target on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Rosenblatt Securities upped their price target on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Finally, Pivotal Research upped their price target on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Nine analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.68.

View Our Latest Report on Comcast

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Comcast Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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