Comcast Co. (NASDAQ:CMCSA) Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 21.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,724 shares of the cable giant’s stock after selling 13,120 shares during the quarter. Kestra Investment Management LLC’s holdings in Comcast were worth $1,791,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its position in shares of Comcast by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 180,309 shares of the cable giant’s stock valued at $6,767,000 after purchasing an additional 9,390 shares in the last quarter. Citizens & Northern Corp grew its holdings in Comcast by 7.3% in the 4th quarter. Citizens & Northern Corp now owns 44,927 shares of the cable giant’s stock valued at $1,686,000 after buying an additional 3,065 shares in the last quarter. Empower Advisory Group LLC increased its stake in shares of Comcast by 2.2% in the 4th quarter. Empower Advisory Group LLC now owns 1,947,986 shares of the cable giant’s stock worth $73,108,000 after acquiring an additional 41,471 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Comcast by 1.4% during the 4th quarter. CIBC Asset Management Inc now owns 1,322,639 shares of the cable giant’s stock worth $49,639,000 after acquiring an additional 18,251 shares during the period. Finally, KLCM Advisors Inc. boosted its position in shares of Comcast by 32.3% during the 4th quarter. KLCM Advisors Inc. now owns 8,593 shares of the cable giant’s stock valued at $322,000 after acquiring an additional 2,096 shares during the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Macquarie reduced their price objective on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Comcast has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Insider Activity

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

Comcast Stock Performance

Shares of Comcast stock opened at $35.39 on Tuesday. The business has a 50-day simple moving average of $36.93 and a 200-day simple moving average of $39.70. The company has a market cap of $133.81 billion, a PE ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. Comcast Co. has a one year low of $32.50 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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, equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is 29.88%.

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.