Allen Mooney & Barnes Investment Advisors LLC Sells 410 Shares of Comcast Co. (NASDAQ:CMCSA)

Allen Mooney & Barnes Investment Advisors LLC cut its holdings in Comcast Co. (NASDAQ:CMCSAFree Report) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,369 shares of the cable giant’s stock after selling 410 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Comcast were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. NewSquare Capital LLC boosted its position in shares of Comcast by 94.1% during the third quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its position in shares of Comcast by 299.1% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Comcast during the fourth quarter worth $29,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Comcast during the third quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Comcast by 205.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock worth $38,000 after acquiring an additional 617 shares during the period. 84.32% of the stock is owned by institutional investors.

Comcast Stock Performance

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 company has a market capitalization 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. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The firm has a 50-day moving average price of $43.11 and a two-hundred day moving average price of $43.18.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The company 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%. Analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given 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 annualized dividend and a dividend yield of 2.93%. Comcast’s payout ratio is presently 31.18%.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 114,749 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup raised their price objective on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Evercore ISI reiterated an “outperform” rating and issued a $50.00 price target on shares of Comcast in a research note on Tuesday, March 26th. Pivotal Research lifted their price target on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Wells Fargo & Company lifted their price target on shares of Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Rosenblatt Securities lifted their price target on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average price target of $49.68.

Read Our Latest Stock 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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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