Comcast Co. (NASDAQ:CMCSA) Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,874 shares of the cable giant’s stock after selling 1,302 shares during the quarter. VELA Investment Management LLC’s holdings in Comcast were worth $433,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CMCSA. Keystone Financial Services raised its holdings in Comcast by 1.1% during the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after acquiring an additional 238 shares during the last quarter. Ironwood Financial llc raised its position in Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after buying an additional 238 shares during the last quarter. Welch Group LLC grew its position in Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after purchasing an additional 239 shares during the period. Finally, Tradewinds LLC. lifted its holdings in Comcast by 1.3% in the second quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after acquiring an additional 241 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.3 %

NASDAQ CMCSA traded down $0.12 on Tuesday, reaching $39.31. The company had a trading volume of 2,108,807 shares, compared to its average volume of 20,445,484. The business has a 50 day moving average of $42.08 and a two-hundred day moving average of $42.83. 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 $156.13 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.96 and a beta of 0.98. Comcast Co. has a fifty-two week low of $36.38 and a fifty-two week high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. Comcast had a return on equity of 19.75% and a net margin of 12.66%. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Analysts forecast that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Tuesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. Comcast’s payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Redburn Atlantic lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $44.00 in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Evercore ISI reaffirmed an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Finally, Rosenblatt Securities upped their target price on shares of Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $49.50.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction on Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.18% of the stock is currently owned by company insiders.

Comcast 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.