Tandem Investment Advisors Inc. Sells 24,812 Shares of Comcast Co. (NASDAQ:CMCSA)

Tandem Investment Advisors Inc. lessened its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,158,446 shares of the cable giant’s stock after selling 24,812 shares during the quarter. Comcast accounts for about 3.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 6th biggest position. Tandem Investment Advisors Inc.’s holdings in Comcast were worth $94,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCSA. Ironwood Wealth Management LLC. increased its holdings in shares of Comcast by 2.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock valued at $724,000 after purchasing an additional 363 shares during the period. United Bank increased its holdings in shares of Comcast by 17.4% in the 1st quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after purchasing an additional 5,532 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Comcast by 29.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock valued at $190,261,000 after purchasing an additional 928,627 shares during the period. Covestor Ltd increased its holdings in shares of Comcast by 104.4% in the 1st quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock valued at $163,000 after purchasing an additional 1,773 shares during the period. Finally, First Western Trust Bank acquired a new position in shares of Comcast in the 1st quarter valued at about $482,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

Shares of NASDAQ CMCSA traded down $0.13 during trading hours on Wednesday, reaching $38.99. The stock had a trading volume of 20,449,255 shares, compared to its average volume of 20,682,635. The business’s fifty day moving average is $41.97 and its two-hundred day moving average is $42.79. 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 company has a market cap of $154.86 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 0.96 and a beta of 0.98. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46.

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

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is presently 33.33%.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CMCSA. BNP Paribas reiterated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft lowered their price target on Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Rosenblatt Securities boosted their price target on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 22nd. Benchmark reissued a “buy” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 10th. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.50.

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.