Icon Wealth Advisors LLC Sells 2,184 Shares of Comcast Co. (NASDAQ:CMCSA)

Icon Wealth Advisors LLC reduced its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 15.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,732 shares of the cable giant’s stock after selling 2,184 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Comcast were worth $490,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Cetera Advisors LLC grew its position in shares of Comcast by 71.0% in the first quarter. Cetera Advisors LLC now owns 198,430 shares of the cable giant’s stock valued at $8,602,000 after purchasing an additional 82,357 shares during the last quarter. Davis Capital Management grew its holdings in Comcast by 1.5% in the 2nd quarter. Davis Capital Management now owns 37,862 shares of the cable giant’s stock valued at $1,445,000 after buying an additional 566 shares in the last quarter. GAMMA Investing LLC increased its position in Comcast by 38.8% during the 2nd quarter. GAMMA Investing LLC now owns 39,405 shares of the cable giant’s stock worth $1,543,000 after buying an additional 11,016 shares during the period. First Hawaiian Bank lifted its holdings in shares of Comcast by 8.9% during the second quarter. First Hawaiian Bank now owns 191,846 shares of the cable giant’s stock worth $7,513,000 after buying an additional 15,664 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Comcast by 4.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 334,534 shares of the cable giant’s stock valued at $13,100,000 after acquiring an additional 15,756 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the sale, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $43.19 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market cap of $165.27 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 1.61 and a beta of 1.00. The firm’s fifty day moving average is $42.29 and its 200-day moving average is $40.17.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Sell-side analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CMCSA. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Macquarie boosted their price target on Comcast from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price on Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.19.

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.