Azimuth Capital Management LLC Sells 37,775 Shares of Comcast Co. (CMCSA)

Azimuth Capital Management LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,829 shares of the cable giant’s stock after selling 37,775 shares during the period. Comcast comprises 1.0% of Azimuth Capital Management LLC’s portfolio, making the stock its 20th largest position. Azimuth Capital Management LLC’s holdings in Comcast were worth $11,727,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Gradient Investments LLC raised its stake in shares of Comcast by 5.0% in the third quarter. Gradient Investments LLC now owns 2,193 shares of the cable giant’s stock worth $145,000 after buying an additional 105 shares during the period. City Holding Co. raised its stake in shares of Comcast by 11.1% in the third quarter. City Holding Co. now owns 2,409 shares of the cable giant’s stock worth $160,000 after buying an additional 240 shares during the period. Advisory Services Network LLC raised its stake in shares of Comcast by 35.2% in the third quarter. Advisory Services Network LLC now owns 9,964 shares of the cable giant’s stock worth $661,000 after buying an additional 2,596 shares during the period. Central Bank & Trust Co. raised its stake in shares of Comcast by 3.6% in the third quarter. Central Bank & Trust Co. now owns 5,843 shares of the cable giant’s stock worth $388,000 after buying an additional 202 shares during the period. Finally, Catawba Capital Management VA raised its stake in shares of Comcast by 45.3% in the third quarter. Catawba Capital Management VA now owns 15,211 shares of the cable giant’s stock worth $1,009,000 after buying an additional 4,745 shares during the period. Institutional investors and hedge funds own 82.03% of the company’s stock.

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Comcast Co. (NASDAQ:CMCSA) opened at 37.48 on Tuesday. The stock’s 50 day moving average is $37.60 and its 200 day moving average is $34.72. Comcast Co. has a one year low of $29.34 and a one year high of $38.44. The firm has a market cap of $177.74 billion, a P/E ratio of 21.00 and a beta of 1.07.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.02. Comcast had a return on equity of 15.30% and a net margin of 10.81%. The company earned $21 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities research analysts expect that Comcast Co. will post $1.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be issued a dividend of $0.1575 per share. The ex-dividend date is Monday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.14. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.68%. Comcast’s payout ratio is 30.81%.

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A number of analysts recently issued reports on the stock. Instinet lifted their price target on shares of Comcast from $37.50 to $42.50 and gave the stock a “buy” rating in a research note on Friday, January 27th. Jefferies Group LLC lifted their price target on shares of Comcast from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Royal Bank of Canada lifted their price target on shares of Comcast from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 31st. Evercore ISI restated an “overweight” rating on shares of Comcast in a research note on Monday, February 27th. Finally, Oppenheimer Holdings Inc. lifted their price target on shares of Comcast from $37.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, January 30th. One equities research analyst has rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $39.88.

In other news, EVP Arthur R. Block sold 1,680 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $70.80, for a total transaction of $118,944.00. Following the completion of the transaction, the executive vice president now directly owns 47,853 shares in the company, valued at $3,387,992.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Neil Smit sold 33,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $37.62, for a total value of $1,241,460.00. Following the transaction, the executive vice president now owns 74,554 shares of the company’s stock, valued at $2,804,721.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 239,152 shares of company stock valued at $16,773,898. Corporate insiders own 1.27% of the company’s stock.

About Comcast

Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.

5 Day Chart for NASDAQ:CMCSA

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