Comcast Co. (NASDAQ:CMCSA) Shares Sold by Davidson Investment Advisors

Davidson Investment Advisors lessened its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,029 shares of the cable giant's stock after selling 24,544 shares during the period. Davidson Investment Advisors' holdings in Comcast were worth $12,649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CMCSA. Winch Advisory Services LLC increased its stake in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the 4th quarter worth approximately $28,000. McClarren Financial Advisors Inc. raised its holdings in shares of Comcast by 365.4% during the third 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 last quarter. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of CMCSA traded down $0.16 during midday trading on Friday, reaching $36.26. 21,402,835 shares of the stock were exchanged, compared to its average volume of 26,761,117. The company 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 company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The business's 50-day moving average price is $36.58 and its 200 day moving average price is $39.58.

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

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 29.88%.

Insider Buying and Selling 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 transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business's 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. This 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 company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CMCSA shares. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Evercore ISI raised Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. BNP Paribas raised shares of Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price target on the stock in a research report on Friday, January 31st. Finally, Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $44.13.

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.