Violich Capital Management Inc. Has $2.35 Million Position in Comcast Co. (NASDAQ:CMCSA)

Violich Capital Management Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,730 shares of the cable giant’s stock after selling 3,868 shares during the quarter. Violich Capital Management Inc.’s holdings in Comcast were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock worth $34,810,000 after buying an additional 132,442 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after buying an additional 249 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Comcast by 10.1% during the 3rd quarter. Sound Income Strategies LLC now owns 3,945 shares of the cable giant’s stock worth $165,000 after buying an additional 363 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Comcast by 14.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,099 shares of the cable giant’s stock worth $1,132,000 after buying an additional 3,332 shares in the last quarter. Finally, Procyon Advisors LLC boosted its holdings in shares of Comcast by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 158,177 shares of the cable giant’s stock worth $6,607,000 after buying an additional 3,310 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CMCSA. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. KeyCorp increased their target price on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Barclays cut their target price on Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Finally, BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price target for the company in a research report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Trading Up 0.3 %

Shares of CMCSA opened at $34.47 on Tuesday. The business has a 50-day moving average of $37.71 and a 200 day moving average of $39.88. 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 cap of $130.33 billion, a P/E ratio of 8.31, a price-to-earnings-growth ratio of 1.69 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.72 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA) last announced 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%. As a group, research analysts forecast that Comcast Co. will post 4.33 EPS for the current 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 paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.83%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.