Panoramic Investment Advisors LLC Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

Panoramic Investment Advisors LLC decreased its position in Comcast Co. (NASDAQ:CMCSAFree Report) by 4.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,393 shares of the cable giant’s stock after selling 305 shares during the period. Panoramic Investment Advisors LLC’s holdings in Comcast were worth $280,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ironwood Wealth Management LLC. grew its holdings in Comcast by 2.4% in the first quarter. Ironwood Wealth Management LLC. now owns 15,458 shares of the cable giant’s stock valued at $724,000 after purchasing an additional 363 shares during the period. United Bank lifted its stake in Comcast by 17.4% during the first quarter. United Bank now owns 37,271 shares of the cable giant’s stock valued at $1,745,000 after buying an additional 5,532 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Comcast by 29.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,063,697 shares of the cable giant’s stock worth $190,261,000 after buying an additional 928,627 shares during the last quarter. Covestor Ltd boosted its stake in Comcast by 104.4% during the first quarter. Covestor Ltd now owns 3,472 shares of the cable giant’s stock worth $163,000 after buying an additional 1,773 shares in the last quarter. Finally, First Western Trust Bank bought a new position in shares of Comcast during the first quarter valued at $482,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.18% of the company’s stock.

Comcast Trading Down 0.4 %

NASDAQ:CMCSA traded down $0.17 during mid-day trading on Wednesday, reaching $41.64. The company’s stock had a trading volume of 7,516,621 shares, compared to its average volume of 19,994,791. The company’s fifty day simple moving average is $43.04 and its two-hundred day simple moving average is $43.13. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The stock has a market cap of $165.39 billion, a P/E ratio of 11.17, a P/E/G ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.80 by $0.04. The business had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, equities analysts predict that Comcast Co. will post 4.25 EPS for the current year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 3rd will be given a $0.31 dividend. This is a positive change from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.98%. Comcast’s dividend payout ratio (DPR) is presently 31.18%.

Wall Street Analyst Weigh In

CMCSA has been the topic of several research analyst reports. Citigroup raised their price objective on Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Redburn Atlantic cut Comcast from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $44.00 in a report on Thursday, February 15th. Wells Fargo & Company increased their target price on Comcast from $45.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Pivotal Research lifted their target price on Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, Rosenblatt Securities upped their target price on Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, December 22nd. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.68.

Read Our Latest Stock Analysis on Comcast

About Comcast

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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