Octavia Wealth Advisors LLC Sells 1,849 Shares of Comcast Co. (NASDAQ:CMCSA)

Octavia Wealth Advisors LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 22.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,396 shares of the cable giant’s stock after selling 1,849 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Comcast were worth $280,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CMCSA. Morgan Stanley increased its position in shares of Comcast by 15.2% during the fourth quarter. Morgan Stanley now owns 53,653,778 shares of the cable giant’s stock valued at $1,876,273,000 after acquiring an additional 7,084,451 shares during the last quarter. Norges Bank purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $1,798,173,000. Northern Trust Corp increased its position in shares of Comcast by 0.3% during the third quarter. Northern Trust Corp now owns 46,019,891 shares of the cable giant’s stock valued at $2,040,522,000 after acquiring an additional 141,874 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Comcast by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 42,448,741 shares of the cable giant’s stock valued at $1,245,022,000 after acquiring an additional 189,845 shares during the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Comcast by 1.1% during the first quarter. Clearbridge Investments LLC now owns 42,441,142 shares of the cable giant’s stock valued at $1,987,094,000 after acquiring an additional 473,150 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ:CMCSA opened at $39.12 on Wednesday. The firm has a market capitalization of $155.38 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.96 and a beta of 0.98. Comcast Co. has a 52-week low of $36.38 and a 52-week high of $47.46. The stock has a fifty day moving average of $41.97 and a 200 day moving average of $42.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, research analysts expect that Comcast Co. will post 4.23 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be paid a dividend of $0.31 per share. 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 yield of 3.17%. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of Comcast stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CMCSA has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Comcast from $50.00 to $47.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Evercore ISI reissued an “outperform” rating and issued a $50.00 target price on shares of Comcast in a research report on Tuesday, March 26th. BNP Paribas reissued a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research report on Tuesday, April 9th. Citigroup raised their target price on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Comcast has an average rating of “Moderate Buy” and an average price target of $49.50.

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.