Good Life Advisors LLC Sells 21,235 Shares of Comcast Co. (NASDAQ:CMCSA)

Good Life Advisors LLC decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 62.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,667 shares of the cable giant's stock after selling 21,235 shares during the period. Good Life Advisors LLC's holdings in Comcast were worth $475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CMCSA. Winch Advisory Services LLC raised its position in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after purchasing an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter worth approximately $30,000. Roxbury Financial LLC purchased a new position in Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the 4th quarter valued at $28,000. Finally, Dunhill Financial LLC lifted its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is owned by institutional investors.

Comcast Trading Down 0.4 %

NASDAQ:CMCSA traded down $0.16 during trading hours on Friday, reaching $36.26. The company's 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. The firm has a market capitalization of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.79 and a beta of 1.00. The firm has a 50-day simple moving average of $36.65 and a 200-day simple moving average of $39.60. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. Research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is 29.88%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Barclays decreased their price target on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Pivotal Research raised their price objective on shares of Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Loop Capital decreased their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Comcast from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Nine investment 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $44.13.

Insider Transactions at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company'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 value of $1,087,620.83. Following the transaction, 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 position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

About Comcast

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.