Legacy Financial Advisors Inc. Sells 248 Shares of Comcast Co. (NASDAQ:CMCSA)

Legacy Financial Advisors Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSAGet Rating) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,269 shares of the cable giant’s stock after selling 248 shares during the period. Legacy Financial Advisors Inc.’s holdings in Comcast were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Comcast during the 3rd quarter valued at about $26,000. AHL Investment Management Inc. bought a new stake in shares of Comcast during the 4th quarter valued at about $30,000. Steward Financial Group LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $38,000. Tower View Investment Management & Research LLC boosted its position in shares of Comcast by 221.1% during the 3rd quarter. Tower View Investment Management & Research LLC now owns 700 shares of the cable giant’s stock valued at $39,000 after purchasing an additional 482 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of Comcast during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 82.58% of the company’s stock.

Shares of CMCSA traded down $0.66 on Monday, reaching $46.92. 570,701 shares of the company’s stock traded hands, compared to its average volume of 21,884,143. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.00. The stock has a market cap of $212.70 billion, a PE ratio of 15.83, a PEG ratio of 1.01 and a beta of 0.92. The stock’s 50 day simple moving average is $47.04 and its two-hundred day simple moving average is $49.95. Comcast Co. has a 52-week low of $44.27 and a 52-week high of $61.80.

Comcast (NASDAQ:CMCSAGet Rating) last issued its quarterly earnings results on Thursday, January 27th. The cable giant reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. The company had revenue of $30.34 billion during the quarter, compared to the consensus estimate of $29.63 billion. Comcast had a return on equity of 15.61% and a net margin of 12.17%. Comcast’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $0.56 earnings per share. Analysts forecast that Comcast Co. will post 3.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 27th. Investors of record on Wednesday, April 6th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.30%. This is an increase from Comcast’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 5th. Comcast’s dividend payout ratio (DPR) is presently 35.64%.

In other Comcast news, CEO David N. Watson sold 65,410 shares of the firm’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $45.69, for a total value of $2,988,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.04% of the company’s stock.

CMCSA has been the topic of several recent research reports. StockNews.com initiated coverage on Comcast in a report on Thursday, March 31st. They issued a “buy” rating on the stock. TD Securities increased their price target on Comcast from $69.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, January 28th. Cowen increased their price target on Comcast from $60.00 to $64.00 in a report on Friday, January 28th. Morgan Stanley cut their price target on Comcast from $65.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, January 28th. Finally, Oppenheimer cut their price target on Comcast from $75.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Comcast presently has a consensus rating of “Buy” and a consensus target price of $61.88.

Comcast Profile (Get Rating)

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment offers broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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