Comcast Co. (NASDAQ:CMCSA) Shares Sold by Brookmont Capital Management

Brookmont Capital Management decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,829 shares of the cable giant’s stock after selling 1,004 shares during the quarter. Comcast makes up about 2.0% of Brookmont Capital Management’s portfolio, making the stock its 16th biggest holding. Brookmont Capital Management’s holdings in Comcast were worth $3,672,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC raised its position in Comcast by 904.0% in the third quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant’s stock valued at $10,632,000 after purchasing an additional 229,192 shares during the period. Tidal Investments LLC boosted its stake in Comcast by 15.2% during the third quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant’s stock worth $7,161,000 after buying an additional 22,684 shares during the period. Parnassus Investments LLC increased its position in shares of Comcast by 3.7% during the third quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant’s stock valued at $80,232,000 after acquiring an additional 68,139 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in shares of Comcast by 0.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 2,210,469 shares of the cable giant’s stock worth $92,331,000 after acquiring an additional 15,807 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Comcast during the 3rd quarter worth approximately $2,541,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CMCSA. Barclays upped their price target on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Pivotal Research boosted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research note on Friday. Loop Capital cut their target price on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Finally, Evercore ISI raised shares of Comcast to a “strong-buy” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $47.33.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Trading Up 0.7 %

Shares of CMCSA stock opened at $36.58 on Tuesday. The company has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business’s 50 day moving average is $39.97 and its two-hundred day moving average is $40.19. Comcast Co. has a twelve month low of $36.15 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. During the same period last year, the firm posted $1.08 EPS. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts forecast that Comcast Co. will post 4.25 EPS for the current year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

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.