Comcast Co. (NASDAQ:CMCSA) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV cut its stake in Comcast Co. (NASDAQ:CMCSA) by 2.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,776 shares of the cable giant’s stock after selling 454 shares during the quarter. Resources Management Corp CT ADV’s holdings in Comcast were worth $659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast during the 2nd quarter worth about $26,000. Strategic Financial Concepts LLC purchased a new position in Comcast during the 2nd quarter valued at about $27,000. IAG Wealth Partners LLC boosted its holdings in Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 522 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in 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. Finally, Safe Harbor Fiduciary LLC purchased a new position in Comcast during the 3rd quarter valued at about $30,000. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CMCSA. TD Cowen lowered their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. Barclays lifted their price objective on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Macquarie lifted their price objective on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Comcast Trading Up 1.2 %

NASDAQ:CMCSA opened at $39.53 on Wednesday. The firm has a market cap of $151.26 billion, a P/E ratio of 10.63, a PEG ratio of 1.63 and a beta of 0.99. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock’s 50 day simple moving average is $42.42 and its 200-day simple moving average is $40.31. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.11.

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, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.14%. Comcast’s payout ratio is 33.33%.

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 value of $10,002,234.24. Following the sale, the chief executive officer now directly owns 6,669,928 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at $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 owned by company insiders.

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.