Brookmont Capital Management Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Brookmont Capital Management lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 97,829 shares of the cable giant’s stock after selling 1,004 shares during the quarter. Comcast makes up approximately 2.0% of Brookmont Capital Management’s holdings, making the stock its 16th biggest holding. Brookmont Capital Management’s holdings in Comcast were worth $3,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC purchased a new position in Comcast during the second quarter worth about $26,000. Winch Advisory Services LLC lifted its holdings in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares during the period. McClarren Financial Advisors Inc. boosted its position in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after acquiring an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Comcast in the third quarter valued at approximately $30,000. Finally, Iron Horse Wealth Management LLC increased its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, 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 Up 0.7 %

Shares of NASDAQ:CMCSA opened at $36.58 on Tuesday. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The firm has a market cap of $139.97 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a fifty day simple moving average of $39.97 and a 200 day simple moving average of $40.19.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. On average, equities research analysts anticipate that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast’s payout ratio is 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Loop Capital decreased their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. TD Cowen cut their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Macquarie reissued a “neutral” rating and issued a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.33.

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.