Comcast Co. (NASDAQ:CMCSA) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,164 shares of the cable giant's stock after selling 7,300 shares during the period. Valeo Financial Advisors LLC's holdings in Comcast were worth $2,858,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CMCSA. AMF Tjanstepension AB lifted its position in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant's stock valued at $34,810,000 after buying an additional 132,442 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Comcast by 5.2% during the third quarter. Wedge Capital Management L L P NC now owns 7,873 shares of the cable giant's stock valued at $329,000 after buying an additional 390 shares during the last quarter. Creative Planning grew its holdings in shares of Comcast by 2.7% in the third quarter. Creative Planning now owns 959,549 shares of the cable giant's stock valued at $40,080,000 after purchasing an additional 24,968 shares in the last quarter. SeaCrest Wealth Management LLC increased its holdings in shares of Comcast by 5.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 16,166 shares of the cable giant's stock worth $675,000 after buying an additional 781 shares during the last quarter. Finally, SPC Financial Inc. increased its stake in Comcast by 3.2% during the third quarter. SPC Financial Inc. now owns 12,634 shares of the cable giant's stock worth $528,000 after acquiring an additional 393 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CMCSA shares. BNP Paribas upgraded Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 target price for the company in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Benchmark dropped their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Evercore ISI raised Comcast to a "strong-buy" rating in a research report on Thursday, November 21st. Finally, TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, November 1st. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $44.13.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred on 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 $284,539,128.48. This represents a 3.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of Comcast 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 sale, the president now directly owns 534,849 shares in the company, 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. Corporate insiders own 1.26% of the company's stock.

Comcast Price Performance

CMCSA traded up $0.13 during midday trading on Wednesday, hitting $36.48. 22,698,377 shares of the company traded hands, compared to its average volume of 26,956,936. The company has a market capitalization of $137.93 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 1.73 and a beta of 1.00. The business has a 50 day simple moving average of $36.79 and a two-hundred day simple moving average of $39.64. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast 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 issued a dividend of $0.33 per share. This is a positive change from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.62%. Comcast's dividend payout ratio is presently 29.88%.

Comcast 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.