DDD Partners LLC Sells 13,303 Shares of Comcast Co. (NASDAQ:CMCSA)

DDD Partners LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 539,905 shares of the cable giant's stock after selling 13,303 shares during the quarter. Comcast makes up 2.5% of DDD Partners LLC's investment portfolio, making the stock its 19th largest holding. DDD Partners LLC's holdings in Comcast were worth $20,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in CMCSA. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the 3rd quarter valued at approximately $30,000. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter valued at approximately $27,000. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after acquiring an additional 570 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter valued at approximately $28,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Comcast Trading Down 0.2 %

Comcast stock traded down $0.07 during trading hours on Thursday, reaching $36.41. The stock had a trading volume of 25,850,058 shares, compared to its average volume of 26,923,492. The stock has a market cap of $137.67 billion, a PE ratio of 8.77, a PEG ratio of 1.78 and a beta of 1.00. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a fifty day simple moving average of $36.73 and a 200-day simple moving average of $39.62.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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%. Analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.63%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is currently 29.88%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CMCSA shares. Loop Capital reduced their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Evercore ISI upgraded shares of Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Pivotal Research increased their target price on shares of Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Benchmark lowered their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Morgan Stanley lowered their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $44.13.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated 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 completion of the transaction, the president now directly owns 534,849 shares of the company's stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.