Comcast Co. (NASDAQ:CMCSA) Shares Sold by Clarius Group LLC

Clarius Group LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,928 shares of the cable giant’s stock after selling 2,622 shares during the period. Clarius Group LLC’s holdings in Comcast were worth $1,269,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new stake in shares of Comcast in the fourth quarter worth $34,000. Hartford Financial Management Inc. raised its stake in Comcast by 1.0% during the fourth quarter. Hartford Financial Management Inc. now owns 30,759 shares of the cable giant’s stock valued at $1,349,000 after buying an additional 307 shares in the last quarter. Genesee Capital Advisors LLC bought a new position in Comcast during the 4th quarter worth approximately $1,054,000. Perigon Wealth Management LLC grew its position in shares of Comcast by 2.5% in the 4th quarter. Perigon Wealth Management LLC now owns 137,202 shares of the cable giant’s stock worth $6,016,000 after acquiring an additional 3,292 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its holdings in shares of Comcast by 14.5% in the 4th quarter. Mosaic Family Wealth Partners LLC now owns 7,724 shares of the cable giant’s stock valued at $339,000 after acquiring an additional 978 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CMCSA shares. Rosenblatt Securities upped their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.50.

Comcast Stock Performance

Shares of CMCSA traded down $0.76 during mid-day trading on Friday, hitting $39.38. The company’s stock had a trading volume of 7,488,936 shares, compared to its average volume of 20,472,500. The stock’s 50-day moving average is $42.30 and its two-hundred day moving average is $42.92. The firm has a market capitalization of $156.41 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. Comcast Co. has a one year low of $36.38 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. As a group, sell-side analysts anticipate that Comcast Co. will post 4.23 EPS 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 paid a dividend of $0.31 per share. This is a boost from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 3.15%. Comcast’s dividend payout ratio (DPR) is currently 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.