Comcast Co. (NASDAQ:CMCSA) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. reduced its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 625,285 shares of the cable giant's stock after selling 96,911 shares during the quarter. Dixon Mitchell Investment Counsel Inc.'s holdings in Comcast were worth $23,467,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Koshinski Asset Management Inc. raised its position in Comcast by 0.8% during the third quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant's stock valued at $1,277,000 after purchasing an additional 249 shares during the period. Taurus Asset Management LLC increased its position in shares of Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock valued at $381,000 after purchasing an additional 253 shares during the last quarter. Regent Peak Wealth Advisors LLC raised its holdings in Comcast by 3.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant's stock valued at $353,000 after buying an additional 257 shares during the period. Abich Financial Wealth Management LLC lifted its position in Comcast by 4.7% in the third quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant's stock worth $243,000 after buying an additional 260 shares during the last quarter. Finally, Saxon Interests Inc. increased its position in Comcast by 2.0% during the third quarter. Saxon Interests Inc. now owns 13,554 shares of the cable giant's stock valued at $566,000 after acquiring an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Comcast Stock Down 0.5 %

Shares of CMCSA traded down $0.19 during mid-day trading on Thursday, hitting $36.31. The company's stock had a trading volume of 21,087,977 shares, compared to its average volume of 24,047,707. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The company's 50-day moving average is $40.27 and its 200-day moving average is $40.20. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The firm has a market capitalization of $138.94 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share 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 analyst estimates of $31.78 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. Comcast's revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 3.42%. Comcast's dividend payout ratio (DPR) is presently 33.33%.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the company's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company's stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The shares were 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 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. StockNews.com cut Comcast from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 4th. Macquarie reissued a "neutral" rating and set a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. Finally, Wells Fargo & Company dropped their price objective on Comcast from $46.00 to $45.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.33.

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.