Delta Financial Group Inc. Sells 1,449 Shares of Comcast Co. (NASDAQ:CMCSA)

Delta Financial Group Inc. lowered its stake in shares of Comcast Co. (NASDAQ:CMCSAFree Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,298 shares of the cable giant’s stock after selling 1,449 shares during the period. Delta Financial Group Inc.’s holdings in Comcast were worth $762,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. AMF Tjanstepension AB raised its stake in shares of Comcast by 18.9% during the 3rd quarter. AMF Tjanstepension AB now owns 832,594 shares of the cable giant’s stock valued at $34,810,000 after purchasing an additional 132,442 shares during the period. International Assets Investment Management LLC increased its position in shares of Comcast by 5,414.9% during the third quarter. International Assets Investment Management LLC now owns 1,507,285 shares of the cable giant’s stock valued at $62,959,000 after buying an additional 1,479,954 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Comcast by 5.5% in the third quarter. Ballentine Partners LLC now owns 50,052 shares of the cable giant’s stock worth $2,091,000 after buying an additional 2,598 shares in the last quarter. Country Club Bank boosted its position in shares of Comcast by 1.5% in the third quarter. Country Club Bank now owns 21,183 shares of the cable giant’s stock valued at $882,000 after acquiring an additional 313 shares during the period. Finally, Signet Investment Advisory Group Inc. grew its stake in Comcast by 2.5% during the third quarter. Signet Investment Advisory Group Inc. now owns 40,406 shares of the cable giant’s stock valued at $1,688,000 after acquiring an additional 980 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Analysts Set New Price Targets

CMCSA has been the subject of several research analyst reports. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research note on Friday, January 31st. TD Cowen cut their price objective on Comcast from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 1st. Macquarie lowered their target price on shares of Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Comcast from $45.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Comcast has a consensus rating of “Moderate Buy” and a consensus price target of $43.83.

Check Out Our Latest Stock Analysis on CMCSA

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction on Tuesday, November 26th. The stock was 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 owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade represents a 4.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $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. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

Shares of NASDAQ:CMCSA opened at $36.26 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $36.58 and a 200-day moving average price of $39.58. The company has a market cap of $137.08 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSAGet Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping 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 analysts anticipate that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. Comcast’s dividend payout ratio (DPR) is presently 29.88%.

Comcast Company Profile

(Free Report)

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.

Featured Stories

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.