Walter & Keenan Wealth Management LLC IN ADV Sells 49,206 Shares of Comcast Co. (NASDAQ:CMCSA)

Walter & Keenan Wealth Management LLC IN ADV reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 55.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,437 shares of the cable giant’s stock after selling 49,206 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Comcast were worth $1,480,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CMCSA. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter worth about $28,000. McClarren Financial Advisors Inc. raised its position in shares of Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter valued at about $30,000. Finally, Iron Horse Wealth Management LLC grew its position in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 6,669,928 shares in the company, 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. Corporate insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CMCSA shares. Wells Fargo & Company reduced their target price 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. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Citigroup dropped their target price on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research report on Friday, January 31st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Macquarie dropped their price objective on Comcast from $42.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Price Performance

CMCSA opened at $34.37 on Monday. The firm has a market capitalization of $129.95 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The business’s 50-day moving average is $37.71 and its two-hundred day moving average is $39.87. Comcast Co. has a 1 year low of $32.50 and a 1 year high of $45.31. 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 issued its quarterly 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 return on equity of 19.98% and a net margin of 13.09%. Research analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is currently 29.88%.

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.