Comcast Co. (NASDAQ:CMCSA) Stock Position Cut by Acropolis Investment Management LLC

Acropolis Investment Management LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,231 shares of the cable giant’s stock after selling 546 shares during the period. Acropolis Investment Management LLC’s holdings in Comcast were worth $1,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Comcast during the second quarter worth about $26,000. McClarren Financial Advisors Inc. boosted 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 purchasing an additional 570 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast in the 3rd quarter worth approximately $30,000. Iron Horse Wealth Management LLC raised its holdings in shares of Comcast by 220.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after purchasing an additional 522 shares in the last quarter. Finally, Dunhill Financial LLC lifted its stake in Comcast by 54.8% during the third 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 last quarter. 84.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Pivotal Research lifted their price target on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Seaport Res Ptn upgraded Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays upped their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Macquarie reissued a “neutral” rating and issued a $42.00 price target on shares of Comcast in a research note on Monday, January 6th. Finally, Morgan Stanley lowered shares of Comcast from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $48.00 to $45.00 in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.33.

Insider Buying and Selling at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’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 completion of the transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.2 %

Shares of NASDAQ:CMCSA opened at $36.38 on Wednesday. The firm has a fifty day moving average of $40.44 and a two-hundred day moving average of $40.23. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 12-month low of $36.15 and a 12-month high of $47.11. The firm has a market capitalization of $139.21 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

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.