Comcast Co. (NASDAQ:CMCSA) Shares Sold by Zullo Investment Group Inc.

Zullo Investment Group Inc. lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 11.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,814 shares of the cable giant’s stock after selling 1,185 shares during the quarter. Zullo Investment Group Inc.’s holdings in Comcast were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Winch Advisory Services LLC lifted its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Comcast during the fourth quarter valued at $28,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter valued at $30,000. Finally, Iron Horse Wealth Management LLC increased its stake in Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on CMCSA shares. KeyCorp raised their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Citigroup decreased their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. TD Cowen cut their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Morgan Stanley decreased their target price on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, January 31st. Finally, Macquarie decreased their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine investment 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 MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on 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 sale, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction 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 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. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $36.48 on Thursday. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a market cap of $137.93 billion, a P/E ratio of 8.79, a P/E/G ratio of 1.73 and a beta of 1.00. The business’s 50 day moving average is $36.73 and its two-hundred day moving average is $39.62. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results 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 net margin of 13.09% and a return on equity of 19.98%. On average, equities analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed 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 represents a $1.32 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is presently 31.81%.

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.