Oak Asset Management LLC Sells 26,033 Shares of Comcast Corporation $CMCSA

Oak Asset Management LLC trimmed its stake in shares of Comcast Corporation (NASDAQ:CMCSA) by 35.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,239 shares of the cable giant’s stock after selling 26,033 shares during the quarter. Oak Asset Management LLC’s holdings in Comcast were worth $1,442,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC increased its position in shares of Comcast by 173.7% during the second quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after buying an additional 436 shares during the period. Imprint Wealth LLC bought a new position in shares of Comcast in the third quarter valued at approximately $26,000. United Financial Planning Group LLC bought a new position in shares of Comcast in the third quarter valued at approximately $28,000. Howard Hughes Medical Institute purchased a new position in Comcast during the second quarter valued at approximately $29,000. Finally, Olistico Wealth LLC purchased a new position in Comcast during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CMCSA shares. Benchmark lowered their target price on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Morgan Stanley reduced their price target on shares of Comcast from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Barclays set a $28.00 price target on shares of Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Rosenblatt Securities reissued a “neutral” rating and set a $30.00 price objective on shares of Comcast in a research note on Friday, January 30th. Finally, Scotiabank reduced their target price on Comcast from $37.50 to $35.25 and set a “sector perform” rating for the company in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.76.

Comcast Trading Down 1.4%

Shares of Comcast stock opened at $28.33 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.88 and a quick ratio of 0.88. Comcast Corporation has a 1 year low of $25.75 and a 1 year high of $37.48. The firm has a market cap of $101.93 billion, a PE ratio of 5.28, a PEG ratio of 2.26 and a beta of 0.79. The company has a 50 day simple moving average of $30.31 and a two-hundred day simple moving average of $29.55.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.09. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. During the same quarter last year, the company posted $0.96 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. Comcast’s dividend payout ratio (DPR) is presently 24.58%.

Insiders Place Their Bets

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of Comcast stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.32% of the stock is owned by insiders.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.