Fairman Group LLC Sells 3,326 Shares of Comcast Co. (NASDAQ:CMCSA)

Fairman Group LLC lessened its position in Comcast Co. (NASDAQ:CMCSA) by 48.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,510 shares of the cable giant’s stock after selling 3,326 shares during the quarter. Fairman Group LLC’s holdings in Comcast were worth $132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of Comcast by 5.4% in the third quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after acquiring an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Comcast by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock worth $1,331,192,000 after purchasing an additional 416,759 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock worth $1,268,310,000 after purchasing an additional 1,717,762 shares during the period. Ontario Teachers Pension Plan Board raised its position in shares of Comcast by 5.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after buying an additional 822,936 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Comcast by 4.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after buying an additional 676,920 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CMCSA shares. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Benchmark decreased their target price on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Citigroup cut their price target on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast currently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Comcast Stock Performance

Shares of Comcast stock opened at $35.23 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $37.54 and its 200 day simple moving average is $39.85. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a market capitalization of $133.21 billion, a PE ratio of 8.49, a PEG ratio of 1.69 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. On average, research analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Wednesday, April 2nd. Comcast’s payout ratio is 29.88%.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Comcast Company 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.