Kestra Investment Management LLC Sells 13,120 Shares of Comcast Co. (NASDAQ:CMCSA)

Kestra Investment Management LLC lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 21.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,724 shares of the cable giant's stock after selling 13,120 shares during the quarter. Kestra Investment Management LLC's holdings in Comcast were worth $1,791,000 as of its most recent SEC filing.

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

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on 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 sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction 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 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. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Macquarie cut their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Citigroup cut their price objective on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Barclays dropped their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Nine 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.13.

Comcast Trading Down 0.4 %

Shares of NASDAQ CMCSA traded down $0.16 during mid-day trading on Friday, hitting $36.26. The stock had a trading volume of 21,402,835 shares, compared to its average volume of 26,761,117. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. The business has a 50 day moving average price of $36.58 and a two-hundred day moving average price of $39.58. The firm has a market cap of $137.08 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping 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%. On average, equities analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal 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 issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.64%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is 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.