Naples Global Advisors LLC Has $1.99 Million Position in Comcast Co. (NASDAQ:CMCSA)

Naples Global Advisors LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 7.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,969 shares of the cable giant’s stock after selling 4,547 shares during the period. Naples Global Advisors LLC’s holdings in Comcast were worth $1,988,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. World Investment Advisors LLC raised its position in Comcast by 904.0% during the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Robinson Value Management Ltd. raised its holdings in shares of Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant’s stock valued at $3,842,000 after purchasing an additional 59,107 shares during the period. Tidal Investments LLC lifted its stake in Comcast by 15.2% in the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock valued at $7,161,000 after purchasing an additional 22,684 shares during the last quarter. Private Management Group Inc. grew its holdings in Comcast by 3.0% during the fourth quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant’s stock worth $32,118,000 after purchasing an additional 24,827 shares during the period. Finally, Parnassus Investments LLC increased its position in Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock worth $80,232,000 after buying an additional 68,139 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $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 owned by insiders.

Comcast Stock Down 0.9 %

CMCSA stock opened at $34.90 on Thursday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The business has a 50-day simple moving average of $37.38 and a 200 day simple moving average of $39.82. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $131.96 billion, a PE ratio of 8.41, a price-to-earnings-growth 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 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Analyst Ratings Changes

CMCSA has been the subject of several research analyst reports. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Bank of America downgraded shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $38.00 in a report on Friday, January 31st. Scotiabank cut shares of Comcast from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, Benchmark decreased their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

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.