Allen Mooney & Barnes Investment Advisors LLC Sells 410 Shares of Comcast Co. (NASDAQ:CMCSA)

Allen Mooney & Barnes Investment Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 3.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,369 shares of the cable giant’s stock after selling 410 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Comcast were worth $499,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CMCSA. NewSquare Capital LLC lifted its stake in shares of Comcast by 94.1% in the 3rd quarter. NewSquare Capital LLC now owns 623 shares of the cable giant’s stock worth $28,000 after purchasing an additional 302 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of Comcast by 299.1% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 634,727 shares of the cable giant’s stock worth $28,000 after purchasing an additional 475,675 shares during the period. Fortis Capital Advisors LLC bought a new position in shares of Comcast in the 4th quarter worth approximately $29,000. DHJJ Financial Advisors Ltd. bought a new position in shares of Comcast in the 3rd quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Comcast by 205.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 917 shares of the cable giant’s stock worth $38,000 after purchasing an additional 617 shares during the period. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. StockNews.com cut shares of Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Redburn Atlantic cut shares of 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 note on Thursday, February 15th. Citigroup raised their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Evercore ISI restated an “outperform” rating and set a $50.00 target price on shares of Comcast in a research note on Tuesday, March 26th. Finally, Pivotal Research raised their target price on shares of Comcast from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.68.

Read Our Latest Report on CMCSA

Comcast Stock Down 2.5 %

NASDAQ:CMCSA opened at $42.28 on Tuesday. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The company has a market cap of $167.93 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 1.00 and a beta of 0.98. The stock has a fifty day simple moving average of $43.11 and a 200-day simple moving average of $43.18. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14.

Comcast (NASDAQ:CMCSAGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to the consensus estimate of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. Analysts anticipate that Comcast Co. will post 4.25 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be issued a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Tuesday, April 2nd. Comcast’s payout ratio is presently 31.18%.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total value of $5,289,928.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.18% of the stock is currently owned by corporate insiders.

Comcast Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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