TFG Advisers LLC Sells 403 Shares of Comcast Co. (NASDAQ:CMCSA)

TFG Advisers LLC trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,868 shares of the cable giant’s stock after selling 403 shares during the period. TFG Advisers LLC’s holdings in Comcast were worth $408,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CMCSA. Winch Advisory Services LLC boosted its stake in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 570 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Comcast in the third quarter valued at about $30,000. Iron Horse Wealth Management LLC grew its stake in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares during the last quarter. Finally, Dunhill Financial LLC increased its holdings in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after buying an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total value 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. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Citigroup decreased their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price target on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. BNP Paribas raised shares of Comcast from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, January 31st. Finally, KeyCorp boosted their target price on shares of Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.13.

Comcast Price Performance

Shares of CMCSA opened at $34.37 on Friday. The company has a 50 day moving average of $37.89 and a 200-day moving average of $39.89. 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 has a market capitalization of $131.52 billion, a P/E ratio of 8.28, a P/E/G ratio of 1.23 and a beta of 1.00. Comcast Co. has a twelve month low of $32.50 and a twelve month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities research analysts forecast that Comcast Co. will post 4.4 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.84%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is presently 29.88%.

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.