Comcast Co. (NASDAQ:CMCSA) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 97.4% during the third quarter, HoldingsChannel.com reports. The firm owned 1,166 shares of the cable giant’s stock after selling 43,452 shares during the period. Quest Partners LLC’s holdings in Comcast were worth $49,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CMCSA. DNB Asset Management AS raised its stake in shares of Comcast by 5.2% during the 2nd quarter. DNB Asset Management AS now owns 657,503 shares of the cable giant’s stock worth $25,748,000 after buying an additional 32,301 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Comcast by 59.5% in the second quarter. Versant Capital Management Inc now owns 3,742 shares of the cable giant’s stock valued at $147,000 after purchasing an additional 1,396 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Comcast in the second quarter valued at about $58,000. Douglas Lane & Associates LLC grew its position in shares of Comcast by 1.9% in the second quarter. Douglas Lane & Associates LLC now owns 2,194,662 shares of the cable giant’s stock valued at $85,943,000 after purchasing an additional 41,032 shares during the last quarter. Finally, Trust Co. of Toledo NA OH increased its stake in shares of Comcast by 15.1% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 71,491 shares of the cable giant’s stock worth $2,800,000 after purchasing an additional 9,375 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on 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 directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction on 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 owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Comcast Trading Up 1.5 %

NASDAQ:CMCSA opened at $43.19 on Friday. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.11. The business has a fifty day moving average of $42.29 and a 200-day moving average of $40.17. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $165.27 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.61 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. Equities analysts predict that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 annualized dividend and a yield of 2.87%. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of analyst reports. Pivotal Research increased their target price on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their target price on shares of Comcast from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Macquarie raised their price target on shares of Comcast from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Finally, StockNews.com raised shares of Comcast from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $47.19.

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.