Court Place Advisors LLC Has $381,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

Court Place Advisors LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,684 shares of the cable giant’s stock after selling 615 shares during the period. Court Place Advisors LLC’s holdings in Comcast were worth $381,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Everett Harris & Co. CA boosted its holdings in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares during the period. Altus Wealth Group LLC boosted its holdings in Comcast by 8.3% in the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock valued at $823,000 after purchasing an additional 1,432 shares during the period. PFG Advisors boosted its holdings in Comcast by 28.8% in the 4th quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP bought a new stake in Comcast in the 3rd quarter valued at $8,868,000. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.3 %

Shares of NASDAQ CMCSA traded down $0.13 during mid-day trading on Wednesday, hitting $38.99. The company’s stock had a trading volume of 20,449,255 shares, compared to its average volume of 20,682,635. The company’s fifty day simple moving average is $41.97 and its 200-day simple moving average is $42.79. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The stock has a market cap of $154.86 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $30.41 billion. On average, sell-side analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 3.18%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.18% of the stock is owned by insiders.

Analysts Set New Price Targets

CMCSA has been the subject of a number of analyst reports. Benchmark reaffirmed a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Evercore ISI reiterated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Citigroup increased their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.50.

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.