Olstein Capital Management L.P. Has $3.90 Million Position in Comcast Co. (NASDAQ:CMCSA)

Olstein Capital Management L.P. trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 15.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 90,000 shares of the cable giant’s stock after selling 17,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Comcast were worth $3,902,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CMCSA. Steph & Co. increased its position in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock worth $26,000 after buying an additional 371 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised 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 valued at $28,000 after acquiring an additional 475,675 shares in the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Comcast in the 4th quarter worth approximately $28,000. Pineridge Advisors LLC bought a new stake in Comcast during the fourth quarter worth approximately $32,000. Finally, Financial Synergies Wealth Advisors Inc. grew its holdings in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after purchasing an additional 593 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analyst Weigh In

CMCSA has been the subject of several recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Benchmark reiterated a “buy” rating and issued a $55.00 price objective on shares of Comcast in a research note on Monday, May 13th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Finally, BNP Paribas downgraded shares of Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Comcast has a consensus rating of “Hold” and an average price target of $48.53.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.26% of the company’s stock.

Comcast Price Performance

Shares of Comcast stock traded down $0.11 during trading on Wednesday, hitting $38.05. 7,657,993 shares of the company’s stock traded hands, compared to its average volume of 20,520,629. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s fifty day moving average price is $38.62 and its 200 day moving average price is $41.28. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The company has a market cap of $149.29 billion, a PE ratio of 10.07, a PEG ratio of 0.98 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion for the quarter, compared to analyst estimates of $29.83 billion. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue was up 1.2% on a year-over-year basis. Analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 3.26%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

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.