Comcast Co. (NASDAQ:CMCSA) Shares Sold by Oak Thistle LLC

Oak Thistle LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 72.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,289 shares of the cable giant's stock after selling 22,236 shares during the quarter. Oak Thistle LLC's holdings in Comcast were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast in the second quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the 3rd quarter worth approximately $30,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after buying an additional 570 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock valued at $32,000 after buying an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC raised its position in Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company's stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.27 during trading on Friday, reaching $36.58. The company's stock had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The company has a 50-day moving average price of $39.97 and a two-hundred day moving average price of $40.16. The firm has a market cap of $139.97 billion, a PE ratio of 9.83, a P/E/G 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, beating the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. Comcast's payout ratio is currently 33.33%.

Insider Activity

In other Comcast 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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company's stock in a transaction 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 sale, the chief executive officer now directly 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. Corporate insiders own 1.26% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. KeyCorp lifted their target price on Comcast from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Macquarie reaffirmed a "neutral" rating and set a $42.00 price objective on shares of Comcast in a research report on Monday, January 6th. Rosenblatt Securities restated a "neutral" rating and set a $45.00 target price on shares of Comcast in a research note on Wednesday, November 6th. Pivotal Research upped their target price on Comcast from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, Benchmark reiterated a "buy" rating and issued a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Comcast presently has a consensus rating of "Moderate Buy" and an average price target 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.