Comcast Co. (NASDAQ:CMCSA) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,796 shares of the cable giant’s stock after selling 994 shares during the period. Oakworth Capital Inc.’s holdings in Comcast were worth $255,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CMCSA. FMR LLC grew its position in Comcast by 5.4% in the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock valued at $4,904,647,000 after buying an additional 6,062,658 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Comcast by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,871,235 shares of the cable giant’s stock valued at $1,331,192,000 after purchasing an additional 416,759 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Comcast by 6.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 30,364,136 shares of the cable giant’s stock valued at $1,268,310,000 after purchasing an additional 1,717,762 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Comcast by 5.4% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 15,983,230 shares of the cable giant’s stock valued at $667,620,000 after purchasing an additional 822,936 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of Comcast by 4.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 14,918,501 shares of the cable giant’s stock valued at $623,146,000 after purchasing an additional 676,920 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Up 1.2 %

Comcast stock opened at $33.94 on Thursday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The firm has a market capitalization of $129.87 billion, a PE ratio of 8.18, a P/E/G ratio of 1.23 and a beta of 1.00. The company’s 50-day moving average is $38.05 and its 200-day moving average is $39.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.72.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts anticipate that Comcast Co. will post 4.4 earnings per share for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. Comcast’s dividend payout ratio is 29.88%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group decreased their target price on shares of Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Macquarie decreased their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Barclays reduced their price target on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Benchmark reduced their price target on shares of Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Insiders Place Their Bets

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was 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 approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

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.