TBH Global Asset Management LLC Has $505,000 Position in Comcast Co. (NASDAQ:CMCSA)

TBH Global Asset Management LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,468 shares of the cable giant’s stock after selling 812 shares during the period. TBH Global Asset Management LLC’s holdings in Comcast were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. AMF Tjanstepension AB increased its stake in shares of Comcast by 18.9% in the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the last quarter. Foundations Investment Advisors LLC grew its position in Comcast by 11.2% in the third quarter. Foundations Investment Advisors LLC now owns 40,941 shares of the cable giant’s stock valued at $1,710,000 after acquiring an additional 4,128 shares during the last quarter. Eastern Bank raised its stake in Comcast by 67.4% during the third quarter. Eastern Bank now owns 17,295 shares of the cable giant’s stock worth $722,000 after acquiring an additional 6,963 shares in the last quarter. Metropolis Capital Ltd lifted its holdings in shares of Comcast by 8.0% in the third quarter. Metropolis Capital Ltd now owns 8,442,392 shares of the cable giant’s stock worth $352,639,000 after acquiring an additional 627,464 shares during the last quarter. Finally, Community Trust & Investment Co. boosted its stake in shares of Comcast by 0.6% in the 3rd quarter. Community Trust & Investment Co. now owns 80,513 shares of the cable giant’s stock valued at $3,363,000 after purchasing an additional 518 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Comcast

In other Comcast news, 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 transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now owns 534,849 shares of the company’s stock, 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. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CMCSA. JPMorgan Chase & Co. dropped their price objective on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. KeyCorp boosted their price objective on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, Bank of America cut Comcast from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.13.

Comcast Stock Performance

CMCSA stock opened at $36.48 on Thursday. The firm has a market cap of $137.93 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a 50-day moving average price of $36.73 and a 200-day moving average price of $39.62. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, equities research analysts expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.62%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.