Chevy Chase Trust Holdings LLC Sells 68,008 Shares of Comcast Co. (NASDAQ:CMCSA)

Chevy Chase Trust Holdings LLC cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,020,335 shares of the cable giant’s stock after selling 68,008 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Comcast worth $75,823,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CMCSA. Taurus Asset Management LLC lifted its holdings in Comcast by 2.9% during the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock worth $381,000 after purchasing an additional 253 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after acquiring an additional 260 shares in the last quarter. Arvest Investments Inc. raised its holdings in Comcast by 1.0% in the 3rd quarter. Arvest Investments Inc. now owns 27,211 shares of the cable giant’s stock valued at $1,137,000 after acquiring an additional 268 shares in the last quarter. McIlrath & Eck LLC raised its holdings in Comcast by 14.8% in the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant’s stock valued at $91,000 after acquiring an additional 282 shares in the last quarter. Finally, Mengis Capital Management Inc. raised its holdings in Comcast by 1.5% in the 3rd quarter. Mengis Capital Management Inc. now owns 19,060 shares of the cable giant’s stock valued at $796,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insider Buying and Selling at Comcast

In related 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 sale, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s 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 sale, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Up 1.4 %

Shares of CMCSA stock opened at $35.38 on Friday. The firm has a market capitalization of $133.77 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.69 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $37.23 and its 200 day simple moving average is $39.79.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings data on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s payout ratio is 29.88%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CMCSA. BNP Paribas raised Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a report on Friday, January 31st. The Goldman Sachs Group dropped their price objective on Comcast from $50.00 to $44.00 and set a “buy” rating for the company in a report on Friday, January 31st. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. StockNews.com cut Comcast from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $48.00 to $44.50 in a report on Monday, February 3rd. Ten analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Comcast has an average rating of “Moderate Buy” and a consensus target price of $44.13.

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.