O Brien Greene & Co. Inc Has $553,000 Stock Position in Comcast Co. (NASDAQ:CMCSA)

O Brien Greene & Co. Inc lessened its stake in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,230 shares of the cable giant’s stock after selling 283 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Comcast were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Fairscale Capital LLC acquired a new position in shares of Comcast during the second quarter valued at $26,000. Strategic Financial Concepts LLC bought a new position in shares of Comcast in the 2nd quarter valued at about $27,000. IAG Wealth Partners LLC grew its position in shares of Comcast by 204.7% during the 2nd quarter. IAG Wealth Partners LLC now owns 777 shares of the cable giant’s stock worth $30,000 after buying an additional 522 shares during the period. McClarren Financial Advisors Inc. raised its stake in shares of Comcast by 365.4% during the third 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 last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new position in Comcast in the third quarter valued at approximately $30,000. 84.32% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated 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 owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This trade represents a 3.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on CMCSA. Scotiabank upgraded shares of Comcast from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $47.75 to $48.00 in a research report on Friday, November 1st. Evercore ISI upgraded Comcast to a “strong-buy” rating in a report on Thursday, November 21st. TD Cowen reduced their target price on Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Wednesday, November 6th. Finally, KeyCorp increased their price target on shares of Comcast from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast currently has a consensus rating of “Moderate Buy” and an average target price of $47.19.

Comcast Stock Up 0.8 %

NASDAQ:CMCSA opened at $43.15 on Monday. The stock has a 50-day simple moving average of $42.48 and a 200 day simple moving average of $40.31. Comcast Co. has a 52-week low of $36.43 and a 52-week high of $47.11. The company has a market cap of $165.12 billion, a PE ratio of 11.60, a PEG ratio of 1.63 and a beta of 0.99. 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 (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. On average, sell-side analysts expect that Comcast Co. will post 4.26 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. Comcast’s dividend payout ratio is 33.33%.

Comcast 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.