Campbell Newman Asset Management Inc. Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Campbell Newman Asset Management Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 488,050 shares of the cable giant's stock after selling 54,023 shares during the quarter. Comcast makes up about 1.5% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 28th largest position. Campbell Newman Asset Management Inc.'s holdings in Comcast were worth $18,317,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fairscale Capital LLC purchased a new stake in shares of Comcast during the 2nd quarter worth approximately $26,000. McClarren Financial Advisors Inc. increased its position in 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 purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Comcast in the third quarter worth $30,000. Iron Horse Wealth Management LLC raised its stake in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after purchasing an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC lifted its position in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after purchasing an additional 288 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 business'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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Comcast Stock Up 0.3 %

Shares of CMCSA stock traded up $0.12 on Wednesday, hitting $36.50. The stock had a trading volume of 22,248,396 shares, compared to its average volume of 24,374,150. 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 Co. has a one year low of $36.15 and a one year high of $47.11. The business has a 50 day moving average price of $40.44 and a 200 day moving average price of $40.23. The company has a market cap of $139.67 billion, a PE ratio of 9.81, a P/E/G ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 EPS. Research analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.40%. Comcast's dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 price objective on shares of Comcast in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Morgan Stanley downgraded shares of Comcast from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $48.00 to $45.00 in a report on Monday, December 16th. Finally, Benchmark reissued a "buy" rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.