Jaffetilchin Investment Partners LLC Sells 5,893 Shares of Comcast Co. (NASDAQ:CMCSA)

Jaffetilchin Investment Partners LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 38.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,295 shares of the cable giant’s stock after selling 5,893 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Comcast were worth $403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. PFG Advisors grew its holdings in Comcast by 28.8% during the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock valued at $1,012,000 after purchasing an additional 5,159 shares during the period. Clarus Wealth Advisors bought a new stake in Comcast during the 4th quarter worth approximately $201,000. Chicago Capital LLC raised its holdings in Comcast by 3.6% during the 4th quarter. Chicago Capital LLC now owns 17,369 shares of the cable giant’s stock worth $762,000 after buying an additional 600 shares during the period. Waypoint Capital Advisors LLC lifted its stake in Comcast by 23.2% in the fourth quarter. Waypoint Capital Advisors LLC now owns 6,179 shares of the cable giant’s stock valued at $271,000 after buying an additional 1,165 shares in the last quarter. Finally, Essex Savings Bank increased its position in shares of Comcast by 9.1% during the fourth quarter. Essex Savings Bank now owns 20,885 shares of the cable giant’s stock worth $916,000 after acquiring an additional 1,747 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Wells Fargo & Company lowered their price target on shares of Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. BNP Paribas lowered Comcast from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research note on Tuesday, June 11th. Pivotal Research lowered their price objective on Comcast from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays dropped their price target on Comcast from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.01.

Insider Buying and Selling at Comcast

In related news, major shareholder Corp Comcast sold 3,176,923 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the transaction, the insider now owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Comcast Stock Performance

Shares of NASDAQ:CMCSA traded down $1.01 during trading on Thursday, hitting $40.26. The stock had a trading volume of 20,695,414 shares, compared to its average volume of 20,603,408. The stock has a 50-day simple moving average of $38.64 and a two-hundred day simple moving average of $40.60. The stock has a market capitalization of $157.97 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. Comcast Co. has a 12-month low of $36.43 and a 12-month high of $47.46. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.16.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Tuesday, July 23rd. The cable giant reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.09. The company had revenue of $29.69 billion for the quarter, compared to the consensus estimate of $30.02 billion. Comcast had a return on equity of 20.17% and a net margin of 12.46%. Comcast’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.08%. The ex-dividend date is Wednesday, October 2nd. Comcast’s payout ratio is 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.