Comcast Co. (NASDAQ:CMCSA) Stock Holdings Trimmed by CWA Asset Management Group LLC

CWA Asset Management Group LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 191,842 shares of the cable giant’s stock after selling 34,283 shares during the quarter. CWA Asset Management Group LLC’s holdings in Comcast were worth $7,200,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in Comcast by 26.5% during the 4th quarter. Versant Capital Management Inc now owns 5,396 shares of the cable giant’s stock valued at $203,000 after acquiring an additional 1,132 shares in the last quarter. Old Port Advisors lifted its position in shares of Comcast by 4.9% during the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant’s stock worth $259,000 after buying an additional 325 shares during the period. DGS Capital Management LLC grew its position in Comcast by 4.5% during the 3rd quarter. DGS Capital Management LLC now owns 28,498 shares of the cable giant’s stock worth $1,190,000 after acquiring an additional 1,221 shares during the last quarter. Synovus Financial Corp lifted its holdings in Comcast by 2.2% during the 3rd quarter. Synovus Financial Corp now owns 154,036 shares of the cable giant’s stock worth $6,434,000 after buying an additional 3,323 shares in the last quarter. Finally, Tidal Investments LLC grew its position in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after buying an additional 22,684 shares during the period. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of CMCSA traded up $0.32 during mid-day trading on Monday, reaching $37.99. The company had a trading volume of 3,342,076 shares, compared to its average volume of 17,323,586. The stock has a market capitalization of $145.37 billion, a P/E ratio of 10.21, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The stock has a 50 day moving average of $41.25 and a two-hundred day moving average of $40.30. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the company earned $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts expect that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently disclosed 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CMCSA shares. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company dropped their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Finally, Morgan Stanley downgraded Comcast from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $45.00 in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Comcast currently has an average rating of “Moderate Buy” and an average target price of $47.33.

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.