Kornitzer Capital Management Inc. KS Sells 15,241 Shares of Comcast Co. (NASDAQ:CMCSA)

Kornitzer Capital Management Inc. KS lowered its stake in Comcast Co. (NASDAQ:CMCSA) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 428,546 shares of the cable giant’s stock after selling 15,241 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Comcast were worth $16,083,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CMCSA. Winch Advisory Services LLC boosted its position in shares of 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. Roxbury Financial LLC purchased a new position in Comcast during the fourth quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter valued at $28,000. McClarren Financial Advisors Inc. grew its position in shares of Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after buying an additional 570 shares during the period. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the 3rd quarter worth about $30,000. Institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CMCSA. Evercore ISI upgraded shares of Comcast to a “strong-buy” rating in a report on Thursday, November 21st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 target price on the stock in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Trading Up 0.0 %

NASDAQ:CMCSA opened at $35.39 on Tuesday. The company has a market cap of $133.81 billion, a PE ratio of 8.53, a price-to-earnings-growth 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. The company has a 50 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.

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

Comcast Increases Dividend

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

Insider Activity 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 transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’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 transaction of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.