Bigelow Investment Advisors LLC Has $248,000 Stake in Comcast Co. (NASDAQ:CMCSA)

Bigelow Investment Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 13.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,595 shares of the cable giant’s stock after selling 1,023 shares during the period. Bigelow Investment Advisors LLC’s holdings in Comcast were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CMCSA. AMF Tjanstepension AB boosted its stake in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after buying an additional 132,442 shares during the period. Foundations Investment Advisors LLC raised its holdings in shares of Comcast by 11.2% during the 3rd quarter. Foundations Investment Advisors LLC now owns 40,941 shares of the cable giant’s stock valued at $1,710,000 after purchasing an additional 4,128 shares in the last quarter. Eastern Bank raised its holdings in shares of Comcast by 67.4% during the 3rd quarter. Eastern Bank now owns 17,295 shares of the cable giant’s stock valued at $722,000 after purchasing an additional 6,963 shares in the last quarter. Metropolis Capital Ltd raised its holdings in shares of Comcast by 8.0% during the 3rd quarter. Metropolis Capital Ltd now owns 8,442,392 shares of the cable giant’s stock valued at $352,639,000 after purchasing an additional 627,464 shares in the last quarter. Finally, Community Trust & Investment Co. raised its holdings in shares of Comcast by 0.6% during the 3rd quarter. Community Trust & Investment Co. now owns 80,513 shares of the cable giant’s stock valued at $3,363,000 after purchasing an additional 518 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.4 %

Shares of CMCSA opened at $36.48 on Thursday. The company has a 50-day simple moving average of $36.73 and a 200-day simple moving average of $39.62. The firm has a market capitalization of $137.93 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share 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 expect that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.62%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Benchmark cut their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Friday, January 31st. BNP Paribas upgraded shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Friday, January 31st. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. Finally, Citigroup cut their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and an average price target of $44.13.

About Comcast

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.