Fairman Group LLC Sells 3,326 Shares of Comcast Co. (NASDAQ:CMCSA)

Fairman Group LLC lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 48.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,510 shares of the cable giant’s stock after selling 3,326 shares during the quarter. Fairman Group LLC’s holdings in Comcast were worth $132,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CMCSA. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the 4th quarter valued at about $28,000. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new position in Comcast in the 3rd quarter worth about $30,000. Finally, Iron Horse Wealth Management LLC raised its stake in shares of Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock valued at $32,000 after acquiring an additional 522 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Insider Transactions at Comcast

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

Comcast Stock Up 2.2 %

Shares of NASDAQ:CMCSA opened at $35.23 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The firm has a market cap of $133.21 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.69 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company’s 50-day moving average price is $37.54 and its two-hundred day moving average price is $39.85.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a positive change from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s payout ratio is presently 29.88%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CMCSA. TD Cowen lowered their price objective on shares of Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Bank of America cut Comcast from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Rosenblatt Securities decreased their target price on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.13.

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.