AdvisorNet Financial Inc Sells 1,531 Shares of Comcast Co. (NASDAQ:CMCSA)

AdvisorNet Financial Inc decreased its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,530 shares of the cable giant’s stock after selling 1,531 shares during the period. AdvisorNet Financial Inc’s holdings in Comcast were worth $549,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CMCSA. Ironwood Wealth Management LLC. boosted its stake in Comcast by 2.4% during the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock worth $724,000 after acquiring an additional 363 shares in the last quarter. United Bank boosted its stake in Comcast by 17.4% during the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock worth $1,745,000 after acquiring an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Comcast by 29.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after acquiring an additional 928,627 shares in the last quarter. Covestor Ltd lifted its stake in shares of Comcast by 104.4% in the first quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after buying an additional 1,773 shares in the last quarter. Finally, First Western Trust Bank bought a new position in shares of Comcast in the first quarter worth approximately $482,000. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 2.5 %

Shares of CMCSA stock opened at $42.28 on Tuesday. Comcast Co. has a 12 month low of $36.38 and a 12 month high of $47.46. The stock has a market cap of $167.93 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.00 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The company has a 50 day simple moving average of $43.11 and a two-hundred day simple moving average of $43.18.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. Comcast had a net margin of 12.66% and a return on equity of 19.75%. On average, research analysts expect that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.93%. Comcast’s dividend payout ratio is 31.18%.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CMCSA shares. StockNews.com downgraded shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Citigroup upped their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Redburn Atlantic downgraded shares of Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Wells Fargo & Company increased their price objective on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Finally, Rosenblatt Securities increased their price objective on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.68.

Read Our Latest Research Report on Comcast

Comcast Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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