Davidson Investment Advisors Sells 24,544 Shares of Comcast Co. (NASDAQ:CMCSA)

Davidson Investment Advisors lessened its holdings in Comcast Co. (NASDAQ:CMCSA) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 337,029 shares of the cable giant’s stock after selling 24,544 shares during the quarter. Davidson Investment Advisors’ holdings in Comcast were worth $12,649,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Bfsg LLC lifted its holdings in shares of Comcast by 752.8% in the 4th quarter. Bfsg LLC now owns 83,366 shares of the cable giant’s stock worth $3,129,000 after acquiring an additional 73,590 shares during the last quarter. Buckingham Capital Management Inc. grew its stake in shares of Comcast by 3.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 38,992 shares of the cable giant’s stock valued at $1,463,000 after purchasing an additional 1,330 shares during the period. BKM Wealth Management LLC lifted its position in shares of Comcast by 7.8% during the 4th quarter. BKM Wealth Management LLC now owns 23,510 shares of the cable giant’s stock valued at $882,000 after buying an additional 1,708 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Comcast by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 180,309 shares of the cable giant’s stock valued at $6,767,000 after buying an additional 9,390 shares in the last quarter. Finally, Citizens & Northern Corp boosted its holdings in shares of Comcast by 7.3% during the 4th quarter. Citizens & Northern Corp now owns 44,927 shares of the cable giant’s stock valued at $1,686,000 after purchasing an additional 3,065 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CMCSA shares. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. TD Cowen cut 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. KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Morgan Stanley dropped their price objective on Comcast from $45.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Finally, Loop Capital lowered their target price on Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $44.13.

Insider Activity

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Stock Performance

Shares of Comcast stock opened at $35.39 on Tuesday. The business has a fifty day simple moving average of $36.93 and a two-hundred day simple moving average of $39.70. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The firm has a market capitalization of $133.81 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.72 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. This is an increase from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is presently 29.88%.

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.