Strategic Advisors LLC Has $314,000 Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Strategic Advisors LLC lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,364 shares of the cable giant’s stock after selling 1,117 shares during the quarter. Strategic Advisors LLC’s holdings in Comcast were worth $314,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Taurus Asset Management LLC grew its position in shares of Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Comcast by 4.7% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares in the last quarter. Arvest Investments Inc. grew its position in Comcast by 1.0% in the third quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock worth $1,137,000 after acquiring an additional 268 shares in the last quarter. McIlrath & Eck LLC grew its position in Comcast by 14.8% in the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock worth $91,000 after acquiring an additional 282 shares in the last quarter. Finally, Mengis Capital Management Inc. grew its position in Comcast by 1.5% in the third quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock worth $796,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on 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 transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This represents 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.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CMCSA shares. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Scotiabank lowered 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 report on Monday, February 3rd. Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Nine equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $35.39 on Tuesday. The company has a market cap of $133.81 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The company has a 50-day moving average price of $36.93 and a 200-day moving average price of $39.70. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

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