Comcast Co. (CMCSA) Shares Sold by Private Capital Advisors Inc.

Private Capital Advisors Inc. reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 23.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,304 shares of the cable giant’s stock after selling 59,500 shares during the period. Comcast makes up about 2.8% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 6th biggest position. Private Capital Advisors Inc.’s holdings in Comcast were worth $7,982,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Clarius Group LLC increased its stake in Comcast by 0.4% in the second quarter. Clarius Group LLC now owns 8,041 shares of the cable giant’s stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. GM Advisory Group Inc. increased its stake in Comcast by 0.9% in the second quarter. GM Advisory Group Inc. now owns 5,554 shares of the cable giant’s stock valued at $217,000 after purchasing an additional 48 shares in the last quarter. McKinley Carter Wealth Services Inc. increased its stake in Comcast by 0.9% in the second quarter. McKinley Carter Wealth Services Inc. now owns 9,192 shares of the cable giant’s stock valued at $358,000 after purchasing an additional 81 shares in the last quarter. Flagship Harbor Advisors LLC increased its stake in Comcast by 0.5% in the second quarter. Flagship Harbor Advisors LLC now owns 18,506 shares of the cable giant’s stock valued at $712,000 after purchasing an additional 93 shares in the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC increased its stake in Comcast by 0.7% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 14,069 shares of the cable giant’s stock valued at $548,000 after purchasing an additional 94 shares in the last quarter. Institutional investors and hedge funds own 82.52% of the company’s stock.

In related news, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.89, for a total transaction of $224,580.70. Following the completion of the transaction, the executive vice president now owns 71,664 shares in the company, valued at $2,858,676.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $38.67, for a total transaction of $22,576,899.45. Following the transaction, the chairman now owns 1,711,798 shares of the company’s stock, valued at approximately $66,195,228.66. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock valued at $31,070,439 in the last 90 days. 1.28% of the stock is currently owned by corporate insiders.

Several brokerages have commented on CMCSA. Guggenheim upped their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, January 26th. SunTrust Banks upped their target price on shares of Comcast to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. TD Securities upped their target price on shares of Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Bank of America upped their target price on shares of Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Finally, Wells Fargo & Co upped their target price on shares of Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. Comcast currently has a consensus rating of “Buy” and a consensus target price of $47.74.

Shares of Comcast Co. (NASDAQ:CMCSA) opened at $39.43 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.86. Comcast Co. has a 12-month low of $34.78 and a 12-month high of $44.00. The stock has a market cap of $184,290.00, a price-to-earnings ratio of 8.25, a PEG ratio of 1.48 and a beta of 1.04.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Wednesday, January 24th. The cable giant reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.02. Comcast had a net margin of 26.87% and a return on equity of 16.47%. The company had revenue of $21.92 billion during the quarter, compared to the consensus estimate of $21.83 billion. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. research analysts expect that Comcast Co. will post 2.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Wednesday, April 4th will be issued a dividend of $0.19 per share. This is a boost from Comcast’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.76 annualized dividend and a yield of 1.93%. Comcast’s dividend payout ratio is presently 13.18%.

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Comcast Profile

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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