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

Brooklyn Investment Group reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,842 shares of the cable giant’s stock after selling 650 shares during the period. Brooklyn Investment Group’s holdings in Comcast were worth $970,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMCSA. Blair William & Co. IL increased its position in Comcast by 197.4% during the second quarter. Blair William & Co. IL now owns 378,175 shares of the cable giant’s stock worth $14,809,000 after purchasing an additional 251,008 shares during the last quarter. Intech Investment Management LLC increased its position in Comcast by 34.0% during the second quarter. Intech Investment Management LLC now owns 1,636,635 shares of the cable giant’s stock worth $64,091,000 after purchasing an additional 414,828 shares during the last quarter. Ieq Capital LLC increased its position in Comcast by 4.4% during the second quarter. Ieq Capital LLC now owns 218,563 shares of the cable giant’s stock worth $8,559,000 after purchasing an additional 9,200 shares during the last quarter. Wealth Advisors of Tampa Bay LLC increased its position in Comcast by 6.4% during the second quarter. Wealth Advisors of Tampa Bay LLC now owns 107,974 shares of the cable giant’s stock worth $4,228,000 after purchasing an additional 6,450 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Comcast by 45.9% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 160,112 shares of the cable giant’s stock worth $6,270,000 after purchasing an additional 50,372 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $60.00 price target on shares of Comcast in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Friday. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Insider Transactions at Comcast

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the business’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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Stock Up 0.7 %

Shares of Comcast stock opened at $36.58 on Friday. Comcast Co. has a 52-week low of $36.15 and a 52-week high of $47.11. The company has a 50 day moving average of $40.11 and a 200 day moving average of $40.18. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $139.97 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.08 earnings per share. As a group, research analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Dividend Announcement

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 given a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. 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.