VisionPoint Advisory Group LLC Sells 3,606 Shares of Comcast Co. (NASDAQ:CMCSA)

VisionPoint Advisory Group LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 14.6% in the fourth quarter, Holdings Channel reports. The firm owned 21,122 shares of the cable giant’s stock after selling 3,606 shares during the period. VisionPoint Advisory Group LLC’s holdings in Comcast were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. AMF Tjanstepension AB boosted its position in shares of Comcast by 18.9% in the third quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after acquiring an additional 132,442 shares during the period. Foundations Investment Advisors LLC lifted its position in Comcast by 11.2% in the third quarter. Foundations Investment Advisors LLC now owns 40,941 shares of the cable giant’s stock worth $1,710,000 after purchasing an additional 4,128 shares during the period. Eastern Bank lifted its position in Comcast by 67.4% in the third quarter. Eastern Bank now owns 17,295 shares of the cable giant’s stock worth $722,000 after purchasing an additional 6,963 shares during the period. Lecap Asset Management Ltd. bought a new position in Comcast in the third quarter worth $357,000. Finally, Monte Financial Group LLC lifted its position in Comcast by 1.8% in the third quarter. Monte Financial Group LLC now owns 207,489 shares of the cable giant’s stock worth $8,667,000 after purchasing an additional 3,634 shares during the period. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated 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 transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of CMCSA stock opened at $36.41 on Friday. The stock has a 50-day moving average price of $36.65 and a 200 day moving average price of $39.60. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $137.67 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.79 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Research 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. Investors of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.63%. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Wall Street Analyst Weigh In

CMCSA has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. BNP Paribas upgraded Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Citigroup dropped their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine equities 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

About Comcast

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.