Comcast Co. (NASDAQ:CMCSA) Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 40.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,918 shares of the cable giant’s stock after selling 42,920 shares during the quarter. Comcast makes up about 0.9% of Goodman Advisory Group LLC’s portfolio, making the stock its 27th biggest holding. Goodman Advisory Group LLC’s holdings in Comcast were worth $2,759,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Everett Harris & Co. CA increased its stake in Comcast by 7.7% during the fourth 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. Desjardins Global Asset Management Inc. increased its stake in Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after purchasing an additional 1,486 shares during the period. Altus Wealth Group LLC increased its stake in Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after purchasing an additional 1,432 shares during the period. PFG Advisors increased its stake in Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after purchasing an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Comcast during the third quarter worth approximately $8,868,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Rosenblatt Securities upped their price target on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, December 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a report on Wednesday, April 3rd. Wells Fargo & Company lowered their price target on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Citigroup increased their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Evercore ISI reissued an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and an average price target of $49.50.

Comcast Price Performance

Comcast stock traded down $0.09 during midday trading on Wednesday, reaching $39.03. 6,339,743 shares of the company were exchanged, compared to its average volume of 20,481,438. The company has a market capitalization of $155.02 billion, a price-to-earnings ratio of 10.53, a P/E/G ratio of 0.96 and a beta of 0.98. The firm’s 50-day simple moving average is $41.97 and its 200-day simple moving average is $42.79. Comcast Co. has a 1 year low of $36.38 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results 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. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion for the quarter, compared to analyst estimates of $30.41 billion. On average, analysts anticipate that Comcast Co. will post 4.23 EPS 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. This is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Tuesday, April 2nd. Comcast’s payout ratio is currently 33.33%.

Insider Activity

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Comcast Profile

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.