Diversify Advisory Services LLC Sells 16,663 Shares of Comcast Co. (NASDAQ:CMCSA)

Diversify Advisory Services LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 28.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,209 shares of the cable giant's stock after selling 16,663 shares during the period. Diversify Advisory Services LLC's holdings in Comcast were worth $1,535,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CMCSA. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter valued at $26,000. Winch Advisory Services LLC lifted 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 valued at $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the third quarter valued at $30,000. McClarren Financial Advisors Inc. lifted its stake 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 period. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after acquiring an additional 522 shares during the period. Institutional investors own 84.32% of the company's stock.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction dated 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 completion of the sale, the president now directly owns 534,849 shares of the company's stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Comcast Price Performance

Shares of Comcast stock traded up $0.39 during trading on Tuesday, reaching $36.97. 21,094,228 shares of the company's stock were exchanged, compared to its average volume of 23,636,379. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 1-year low of $36.15 and a 1-year high of $47.11. The company has a market cap of $141.47 billion, a P/E ratio of 9.94, a PEG ratio of 1.33 and a beta of 1.01. The firm's 50-day moving average price is $39.81 and its 200 day moving average price is $40.18.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company had revenue of $32.07 billion during the quarter, compared to analysts' expectations of $31.78 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. Comcast's revenue was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.35%. Comcast's payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CMCSA. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Rosenblatt Securities reissued a "neutral" rating and issued a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Morgan Stanley lowered Comcast from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $48.00 to $45.00 in a research note on Monday, December 16th. Finally, Wells Fargo & Company cut their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Comcast presently has an average rating of "Moderate Buy" and an average price target of $47.33.

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.