Financiere des Professionnels Fonds d investissement inc. Reduces Stock Position in Comcast Co. (NASDAQ:CMCSA)

Financiere des Professionnels Fonds d investissement inc. cut its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 9.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478,076 shares of the cable giant's stock after selling 51,262 shares during the quarter. Comcast makes up about 1.3% of Financiere des Professionnels Fonds d investissement inc.'s holdings, making the stock its 15th biggest holding. Financiere des Professionnels Fonds d investissement inc.'s holdings in Comcast were worth $17,942,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Winch Advisory Services LLC grew its stake in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter worth approximately $28,000. McClarren Financial Advisors Inc. grew its holdings in shares of Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock worth $30,000 after acquiring an additional 570 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast in the third quarter worth $30,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction that occurred on 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 owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 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 position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Comcast Trading Down 0.2 %

Shares of NASDAQ:CMCSA traded down $0.07 during trading on Thursday, reaching $36.41. 25,850,058 shares of the company were exchanged, compared to its average volume of 26,923,492. The firm has a market capitalization of $137.67 billion, a PE ratio of 8.77, a P/E/G ratio of 1.78 and a beta of 1.00. The business's fifty day simple moving average is $36.73 and its 200-day simple moving average is $39.62. Comcast Co. has a 12-month low of $32.50 and a 12-month 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.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating 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, research analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.63%. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 29.88%.

Analysts Set New Price Targets

CMCSA has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Macquarie dropped their price target on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price objective on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Morgan Stanley dropped their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. Finally, KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.