Nisa Investment Advisors LLC Sells 39,170 Shares of Comcast Co. (CMCSA)

Nisa Investment Advisors LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,714,720 shares of the cable giant’s stock after selling 39,170 shares during the period. Comcast comprises about 0.7% of Nisa Investment Advisors LLC’s holdings, making the stock its 26th largest holding. Nisa Investment Advisors LLC’s holdings in Comcast were worth $68,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CMCSA. MPS Loria Financial Planners LLC purchased a new stake in Comcast during the 2nd quarter worth about $107,000. Wealthcare Advisory Partners LLC purchased a new stake in Comcast during the 3rd quarter worth about $104,000. Clear Perspective Advisors LLC lifted its holdings in Comcast by 100.1% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,722 shares of the cable giant’s stock worth $106,000 after buying an additional 1,362 shares during the last quarter. Willingdon Wealth Management purchased a new stake in Comcast during the 3rd quarter worth about $133,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Comcast during the 2nd quarter worth about $165,000. Hedge funds and other institutional investors own 82.52% of the company’s stock.

Comcast Co. (NASDAQ:CMCSA) opened at $39.43 on Thursday. The stock has a market capitalization of $184,290.00, a PE ratio of 8.25, a P/E/G ratio of 1.48 and a beta of 1.04. Comcast Co. has a 52-week low of $34.78 and a 52-week high of $44.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.74 and a quick ratio of 0.74.

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

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

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

Several research firms have recently weighed in on CMCSA. Guggenheim boosted their target price on Comcast from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, January 26th. SunTrust Banks boosted their target price on Comcast to $50.00 and gave the company a “buy” rating in a report on Thursday, January 25th. TD Securities boosted their target price on Comcast from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Bank of America boosted their target price on Comcast from $50.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Finally, Wells Fargo & Co boosted their target price on Comcast from $49.00 to $50.00 and gave the company an “outperform” rating in a report 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.74.

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About Comcast

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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