Court Place Advisors LLC Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

Court Place Advisors LLC lessened its position in shares of Comcast Co. (NASDAQ:CMCSA) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,684 shares of the cable giant’s stock after selling 615 shares during the quarter. Court Place Advisors LLC’s holdings in Comcast were worth $381,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Everett Harris & Co. CA lifted its stake in Comcast by 7.7% during the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after purchasing an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. increased its position in shares of Comcast by 1.5% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after acquiring an additional 1,486 shares during the period. Altus Wealth Group LLC increased its position in shares of Comcast by 8.3% during the fourth quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after acquiring an additional 1,432 shares during the period. PFG Advisors increased its position in shares of Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after acquiring an additional 5,159 shares during the period. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Comcast during the third quarter worth $8,868,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI reissued an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. Finally, Citigroup increased their target price on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.18% of the stock is owned by corporate insiders.

Comcast Price Performance

Shares of CMCSA stock traded down $0.13 during midday trading on Wednesday, reaching $38.99. 20,449,255 shares of the company traded hands, compared to its average volume of 20,682,635. The firm’s 50 day simple moving average is $41.97 and its two-hundred day simple moving average is $42.79. Comcast Co. has a 1-year low of $36.38 and a 1-year high of $47.46. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $154.86 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The business had revenue of $31.25 billion during the quarter, compared to analysts’ expectations of $30.41 billion. On average, equities research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. This is a boost from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 33.33%.

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.