Butensky & Cohen Financial Security Inc. Sells 22,846 Shares of Comcast Corporation $CMCSA

Butensky & Cohen Financial Security Inc. lowered its position in shares of Comcast Corporation (NASDAQ:CMCSA) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,287 shares of the cable giant’s stock after selling 22,846 shares during the quarter. Butensky & Cohen Financial Security Inc.’s holdings in Comcast were worth $2,519,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC lifted its position in shares of Comcast by 173.7% in the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after purchasing an additional 436 shares in the last quarter. Imprint Wealth LLC bought a new position in Comcast in the third quarter valued at $26,000. United Financial Planning Group LLC bought a new position in Comcast in the third quarter valued at $28,000. Howard Hughes Medical Institute acquired a new stake in Comcast in the 2nd quarter valued at $29,000. Finally, Olistico Wealth LLC acquired a new stake in Comcast in the 4th quarter valued at $29,000. 84.32% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the transaction, the chief executive officer directly owned 622,336 shares in the company, valued at approximately $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.32% of the stock is currently owned by insiders.

Comcast Stock Performance

Shares of CMCSA opened at $28.72 on Friday. The company has a market cap of $103.33 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 2.26 and a beta of 0.79. The firm has a 50-day moving average of $30.30 and a 200-day moving average of $29.59. Comcast Corporation has a one year low of $25.75 and a one year high of $37.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same period in the prior year, the firm earned $0.96 EPS. Comcast’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Pivotal Research downgraded shares of Comcast from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. Sanford C. Bernstein lowered their target price on Comcast from $34.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft dropped their target price on Comcast from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Comcast in a research report on Friday, January 9th. Finally, Citigroup reaffirmed a “buy” rating and set a $33.00 price target (up from $32.79) on shares of Comcast in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $34.76.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.