GAMMA Investing LLC Trims Stock Position in Comcast Co. (NASDAQ:CMCSA)

GAMMA Investing LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,785 shares of the cable giant’s stock after selling 5,127 shares during the quarter. GAMMA Investing LLC’s holdings in Comcast were worth $1,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new position in Comcast in the 2nd quarter worth $27,000. McClarren Financial Advisors Inc. boosted its position in Comcast by 365.4% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of Comcast during the third quarter worth about $30,000. Finally, Archer Investment Corp lifted its stake in shares of Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant’s stock worth $32,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMCSA. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Barclays upped their target price on shares of Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley cut Comcast from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $45.00 in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.39.

Comcast Trading Down 0.3 %

Comcast stock opened at $37.42 on Friday. The company has a 50 day moving average price of $41.41 and a 200 day moving average price of $40.27. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The firm has a market capitalization of $143.19 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 1.50 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. Research analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, January 8th. Comcast’s payout ratio is currently 33.33%.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 sale, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total value of $10,002,234.24. Following the completion of the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.