Quotient Wealth Partners LLC Has $950,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Quotient Wealth Partners LLC reduced its position in Comcast Co. (NASDAQ:CMCSA) by 14.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,304 shares of the cable giant’s stock after selling 4,266 shares during the period. Quotient Wealth Partners LLC’s holdings in Comcast were worth $950,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Alliance Wealth Advisors LLC raised its position in shares of Comcast by 3.8% in the fourth quarter. Alliance Wealth Advisors LLC now owns 36,159 shares of the cable giant’s stock valued at $1,357,000 after purchasing an additional 1,332 shares during the period. WCM Investment Management LLC lifted its holdings in Comcast by 147.4% during the 4th quarter. WCM Investment Management LLC now owns 112,429 shares of the cable giant’s stock worth $4,204,000 after purchasing an additional 66,989 shares during the last quarter. Entropy Technologies LP acquired a new position in Comcast in the 4th quarter valued at $1,156,000. Empirical Finance LLC increased its position in Comcast by 6.9% during the 4th quarter. Empirical Finance LLC now owns 169,417 shares of the cable giant’s stock worth $6,358,000 after buying an additional 10,892 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Comcast by 1.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 415,553 shares of the cable giant’s stock valued at $15,596,000 after acquiring an additional 5,016 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated 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 sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’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 transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on CMCSA shares. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Scotiabank downgraded Comcast from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Barclays reduced their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, TD Cowen dropped their price target on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Trading Down 0.3 %

NASDAQ CMCSA opened at $34.37 on Friday. The company has a market cap of $129.95 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 1.69 and a beta of 1.00. The business has a 50 day moving average price of $37.71 and a 200-day moving average price of $39.86. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS 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 analysts expect that Comcast Co. will post 4.33 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 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.84%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is currently 29.88%.

About Comcast

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.