Comcast Co. (NASDAQ:CMCSA) Shares Sold by Realta Investment Advisors

Realta Investment Advisors lessened its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,398 shares of the cable giant’s stock after selling 1,111 shares during the quarter. Realta Investment Advisors’ holdings in Comcast were worth $237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CMCSA. Everett Harris & Co. CA raised its holdings in Comcast by 7.7% in the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares during the period. Hudson Bay Capital Management LP acquired a new position in Comcast in the 3rd quarter worth about $8,868,000. CIC Wealth LLC raised its holdings in Comcast by 42.8% in the 3rd quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock worth $390,000 after purchasing an additional 2,638 shares during the period. Orion Capital Management LLC acquired a new position in Comcast in the 3rd quarter worth about $90,000. Finally, Camarda Financial Advisors LLC acquired a new position in Comcast in the 2nd quarter worth about $1,381,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on Comcast from $45.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Evercore ISI reiterated an “outperform” rating and set a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $44.00 in a research note on Thursday, February 15th. Rosenblatt Securities boosted their price objective on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. Finally, Pivotal Research upped their price target on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.68.

Get Our Latest Analysis on Comcast

Comcast Stock Down 2.5 %

NASDAQ:CMCSA opened at $42.28 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The stock’s fifty day moving average is $43.11 and its two-hundred day moving average is $43.18. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46. The stock has a market capitalization of $167.93 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98.

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

Comcast Increases Dividend

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

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was 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 SEC, which is available through this hyperlink. Insiders own 1.18% of the company’s stock.

About Comcast

(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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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