NFJ Investment Group LLC Sells 18,817 Shares of Comcast Co. (NASDAQ:CMCSA)

NFJ Investment Group LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,370 shares of the cable giant’s stock after selling 18,817 shares during the period. NFJ Investment Group LLC’s holdings in Comcast were worth $19,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Fairscale Capital LLC purchased a new position in shares of Comcast in the 2nd quarter valued at approximately $26,000. McClarren Financial Advisors Inc. increased its position in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the period. Iron Horse Wealth Management LLC lifted its position in Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the period. IAG Wealth Partners LLC increased its holdings in shares of Comcast by 204.7% in the second quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 522 shares during the period. Finally, Archer Investment Corp lifted its holdings in shares of Comcast by 177.1% during the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after purchasing an additional 519 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Comcast news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Up 0.2 %

Shares of Comcast stock traded up $0.10 during trading hours on Tuesday, reaching $43.29. 16,253,456 shares of the company were exchanged, compared to its average volume of 17,392,168. The firm has a market cap of $165.65 billion, a PE ratio of 11.64, a PEG ratio of 1.63 and a beta of 0.99. The stock’s fifty day moving average is $42.29 and its 200 day moving average is $40.18. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. As a group, equities research analysts forecast that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Benchmark reissued a “buy” rating and set a $60.00 price target on shares of Comcast in a 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 Tuesday, November 26th. KeyCorp upped their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Comcast has an average rating of “Moderate Buy” and an average target price of $47.19.

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.