ICICI Prudential Asset Management Co Ltd Sells 48,123 Shares of Comcast Co. (NASDAQ:CMCSA)

ICICI Prudential Asset Management Co Ltd trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 292,525 shares of the cable giant's stock after selling 48,123 shares during the period. Comcast accounts for approximately 1.2% of ICICI Prudential Asset Management Co Ltd's portfolio, making the stock its 14th largest holding. ICICI Prudential Asset Management Co Ltd's holdings in Comcast were worth $10,978,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CMCSA. Taurus Asset Management LLC grew its holdings in shares of Comcast by 2.9% in the third quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant's stock worth $381,000 after acquiring an additional 253 shares during the period. Abich Financial Wealth Management LLC boosted 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 purchasing an additional 260 shares during the last quarter. Arvest Investments Inc. grew its stake in shares of Comcast by 1.0% during the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant's stock valued at $1,137,000 after purchasing an additional 268 shares during the period. McIlrath & Eck LLC increased its position in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Finally, Mengis Capital Management Inc. lifted its stake in shares of Comcast by 1.5% in the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant's stock worth $796,000 after purchasing an additional 283 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on CMCSA. Loop Capital cut 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. Benchmark cut their price objective on shares of Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their target price on Comcast from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Barclays cut their price target on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a report on Monday, February 3rd. Finally, KeyCorp raised their price objective on Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Nine 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 stock. According to data from MarketBeat.com, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $44.13.

Insider Activity at Comcast

In related news, 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 completion of 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. The trade was a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Comcast Price Performance

NASDAQ:CMCSA traded down $0.16 during trading hours on Friday, reaching $36.26. The stock had a trading volume of 21,402,835 shares, compared to its average volume of 28,310,844. The stock has a market capitalization of $137.08 billion, a PE ratio of 8.74, 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 50 day moving average price of $36.58 and a two-hundred day moving average price of $39.58. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current 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 earnings per share 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%. As a group, sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm 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 dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's dividend payout ratio is currently 29.88%.

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.