D.A. Davidson & CO. Has $6.87 Million Position in Comcast Co. (NASDAQ:CMCSA)

D.A. Davidson & CO. lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 183,011 shares of the cable giant’s stock after selling 4,698 shares during the quarter. D.A. Davidson & CO.’s holdings in Comcast were worth $6,868,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Citizens & Northern Corp lifted its stake in shares of Comcast by 7.3% during the fourth quarter. Citizens & Northern Corp now owns 44,927 shares of the cable giant’s stock valued at $1,686,000 after acquiring an additional 3,065 shares during the period. Empower Advisory Group LLC lifted its stake in shares of Comcast by 2.2% during the fourth quarter. Empower Advisory Group LLC now owns 1,947,986 shares of the cable giant’s stock valued at $73,108,000 after acquiring an additional 41,471 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Comcast by 1.4% during the fourth quarter. CIBC Asset Management Inc now owns 1,322,639 shares of the cable giant’s stock valued at $49,639,000 after acquiring an additional 18,251 shares during the period. KLCM Advisors Inc. lifted its stake in shares of Comcast by 32.3% during the fourth quarter. KLCM Advisors Inc. now owns 8,593 shares of the cable giant’s stock valued at $322,000 after acquiring an additional 2,096 shares during the period. Finally, Catalyst Capital Advisors LLC increased its holdings in Comcast by 96.1% in the fourth quarter. Catalyst Capital Advisors LLC now owns 5,923 shares of the cable giant’s stock valued at $222,000 after purchasing an additional 2,902 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Friday, January 31st. Citigroup dropped their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Bank of America downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Finally, Barclays lowered their price target on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Stock Up 0.4 %

CMCSA stock opened at $36.48 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $137.93 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.73 and a beta of 1.00. The business has a 50-day moving average of $36.73 and a 200-day moving average of $39.62. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.62%. Comcast’s dividend payout ratio is 31.81%.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 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.