Nicholas Hoffman & Company LLC. Has $516,000 Position in Comcast Co. (NASDAQ:CMCSA)

Nicholas Hoffman & Company LLC. lessened its position in Comcast Co. (NASDAQ:CMCSA) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,750 shares of the cable giant’s stock after selling 915 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Comcast were worth $516,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Comcast by 5.4% during the 3rd quarter. FMR LLC now owns 117,420,328 shares of the cable giant’s stock worth $4,904,647,000 after buying an additional 6,062,658 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Comcast by 1.3% during the third 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Comcast by 6.0% in the third 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 increased 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 worth $667,620,000 after purchasing an additional 822,936 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake 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 worth $623,146,000 after purchasing an additional 676,920 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.0 %

CMCSA opened at $35.39 on Tuesday. The stock has a market cap of $133.81 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a fifty day moving average of $36.93 and a 200-day moving average of $39.70.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.73%. Comcast’s payout ratio is 29.88%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Rosenblatt Securities decreased their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of Comcast from $45.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. TD Cowen dropped their target price on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. Finally, Citigroup dropped their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred 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. This represents a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s 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 sale, the president now owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

About Comcast

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.