Founders Capital Management Sells 4,458 Shares of Comcast Co. (NASDAQ:CMCSA)

Founders Capital Management lowered its position in Comcast Co. (NASDAQ:CMCSA) by 29.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,558 shares of the cable giant’s stock after selling 4,458 shares during the period. Founders Capital Management’s holdings in Comcast were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Federated Hermes Inc. lifted its stake in shares of Comcast by 4.5% during the 2nd quarter. Federated Hermes Inc. now owns 311,153 shares of the cable giant’s stock valued at $12,185,000 after buying an additional 13,491 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Comcast by 0.8% in the second quarter. Parallel Advisors LLC now owns 86,405 shares of the cable giant’s stock valued at $3,384,000 after purchasing an additional 658 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Comcast by 60.8% during the second quarter. Thoroughbred Financial Services LLC now owns 57,314 shares of the cable giant’s stock valued at $2,244,000 after buying an additional 21,681 shares during the period. Prosperity Consulting Group LLC increased its holdings in Comcast by 8.3% during the 2nd quarter. Prosperity Consulting Group LLC now owns 15,251 shares of the cable giant’s stock worth $597,000 after acquiring an additional 1,170 shares during the period. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Comcast by 38.2% in the second quarter. J.W. Cole Advisors Inc. now owns 86,468 shares of the cable giant’s stock worth $3,386,000 after purchasing an additional 23,921 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CMCSA. Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $48.00 to $45.00 in a report on Monday, December 16th. Barclays lifted their price target on shares of Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $47.75 to $48.00 in a research note on Friday, November 1st. Pivotal Research lifted their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company cut their target price on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.33.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred 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 sale, the president now owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

Shares of CMCSA traded up $0.07 during midday trading on Monday, hitting $36.43. 6,293,180 shares of the company traded hands, compared to its average volume of 22,574,123. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $139.40 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.50 and a beta of 1.01. Comcast Co. has a 52 week low of $36.24 and a 52 week high of $47.11. The firm has a 50 day moving average of $40.69 and a 200-day moving average of $40.26.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping 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 business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same period last year, the company posted $1.08 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend 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.