Panoramic Investment Advisors LLC Sells 305 Shares of Comcast Co. (NASDAQ:CMCSA)

Panoramic Investment Advisors LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 4.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,393 shares of the cable giant’s stock after selling 305 shares during the period. Panoramic Investment Advisors LLC’s holdings in Comcast were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Comcast during the fourth quarter worth approximately $1,798,173,000. Moneta Group Investment Advisors LLC lifted its stake in shares of Comcast by 121,265.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 25,530,426 shares of the cable giant’s stock worth $892,799,000 after buying an additional 25,509,390 shares during the period. Morgan Stanley lifted its position in Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after purchasing an additional 7,084,451 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Comcast by 62.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 15,271,853 shares of the cable giant’s stock valued at $715,028,000 after buying an additional 5,880,050 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Comcast by 229.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,369,912 shares of the cable giant’s stock valued at $264,670,000 after buying an additional 4,437,276 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is currently owned by insiders.

Comcast Price Performance

CMCSA stock traded down $0.17 during midday trading on Wednesday, hitting $41.64. 7,516,621 shares of the stock were exchanged, compared to its average volume of 19,994,791. The stock’s 50-day moving average price is $43.04 and its 200-day moving average price is $43.13. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. The stock has a market cap of $165.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 31.18%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. Wells Fargo & Company raised their target price on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Pivotal Research lifted their price target on Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.68.

Check Out Our Latest Research Report on Comcast

Comcast Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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