Comcast Co. (NASDAQ:CMCSA) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,974 shares of the cable giant's stock after selling 8,938 shares during the period. Insigneo Advisory Services LLC's holdings in Comcast were worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC grew its stake in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Comcast in the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Comcast in the 4th quarter valued at $28,000. Finally, OFI Invest Asset Management purchased a new position in Comcast during the 4th quarter worth $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 1.6 %

Shares of Comcast stock traded up $0.55 during trading hours on Tuesday, reaching $34.15. 4,986,040 shares of the company's stock were exchanged, compared to its average volume of 27,252,574. The firm has a market capitalization of $129.10 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a fifty day moving average of $35.49 and a 200-day moving average of $38.23. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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%. Sell-side analysts forecast 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. 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 3.87%. 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 (DPR) is 31.81%.

Analyst Ratings Changes

A number of research firms recently issued reports on CMCSA. Macquarie lowered their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. StockNews.com raised shares of Comcast from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 27th. KeyCorp lowered their price objective on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, BNP Paribas downgraded Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price target on the stock. in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $42.50.

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.