Callan Capital LLC Reduces Stake in Comcast Co. (NASDAQ:CMCSA)

Callan Capital LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA) by 21.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,773 shares of the cable giant’s stock after selling 2,162 shares during the period. Callan Capital LLC’s holdings in Comcast were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Winch Advisory Services LLC lifted its holdings in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after buying an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the 3rd quarter valued at approximately $30,000. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CMCSA shares. Evercore ISI upgraded Comcast to a “strong-buy” rating in a research note on Thursday, November 21st. Benchmark lowered their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered their target price on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, TD Cowen reduced their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.83.

Comcast Stock Down 0.4 %

Comcast stock opened at $36.26 on Friday. The firm has a market cap of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The stock has a fifty day simple moving average of $36.58 and a two-hundred day simple moving average of $39.58. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was 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 owns 534,849 shares of the company’s stock, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.