Radnor Capital Management LLC Sells 14,548 Shares of Comcast Co. (NASDAQ:CMCSA)

Radnor Capital Management LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 114,357 shares of the cable giant’s stock after selling 14,548 shares during the quarter. Comcast comprises 0.7% of Radnor Capital Management LLC’s portfolio, making the stock its 29th largest holding. Radnor Capital Management LLC’s holdings in Comcast were worth $4,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its position in shares of Comcast by 55,334.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,273,052 shares of the cable giant’s stock worth $345,565,000 after acquiring an additional 8,258,128 shares in the last quarter. FMR LLC increased its holdings in Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after purchasing an additional 6,062,658 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Comcast by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 8,722,620 shares of the cable giant’s stock valued at $339,223,000 after purchasing an additional 4,182,525 shares during the period. Public Sector Pension Investment Board lifted its holdings in shares of Comcast by 530.5% in the third quarter. Public Sector Pension Investment Board now owns 3,429,298 shares of the cable giant’s stock valued at $143,242,000 after purchasing an additional 2,885,370 shares in the last quarter. Finally, Darsana Capital Partners LP lifted its holdings in shares of Comcast by 26.7% in the second quarter. Darsana Capital Partners LP now owns 9,500,000 shares of the cable giant’s stock valued at $372,020,000 after purchasing an additional 2,000,000 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.2 %

Shares of Comcast stock opened at $36.38 on Wednesday. The business has a fifty day simple moving average of $40.44 and a two-hundred day simple moving average of $40.23. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $139.21 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 1.50 and a beta of 1.01. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same period in the prior year, the firm earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.41%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CMCSA. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and issued a $60.00 price objective on shares of Comcast in a report on Tuesday, November 19th. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. 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 issued a strong 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 $47.33.

Comcast 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.