Core Alternative Capital Cuts Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Core Alternative Capital decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 10.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,344 shares of the cable giant’s stock after selling 500 shares during the period. Core Alternative Capital’s holdings in Comcast were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CMCSA. AMF Tjanstepension AB boosted its stake in Comcast by 18.9% in the third 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 stake in Comcast by 0.8% in the third 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 stake in Comcast by 10.1% in the third 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 stake in shares of Comcast by 14.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,099 shares of the cable giant’s stock valued at $1,132,000 after purchasing an additional 3,332 shares during the period. Finally, Procyon Advisors LLC boosted its stake in shares of Comcast by 2.1% during the third quarter. Procyon Advisors LLC now owns 158,177 shares of the cable giant’s stock valued at $6,607,000 after purchasing an additional 3,310 shares during the period. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.3 %

Shares of NASDAQ:CMCSA opened at $34.47 on Tuesday. The stock has a market capitalization of $130.33 billion, a price-to-earnings ratio of 8.31, a PEG 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. The stock’s 50-day simple moving average is $37.71 and its two-hundred day simple moving average is $39.88. Comcast Co. has a 52-week low of $32.50 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. Analysts expect that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders 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 dividend yield of 3.83%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is 31.81%.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This represents a 3.40 % 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.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CMCSA. Deutsche Bank Aktiengesellschaft increased their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Pivotal Research increased their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research note on Friday, January 31st. TD Cowen dropped their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, KeyCorp increased their price objective on Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast 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.