Triangle Securities Wealth Management Sells 797 Shares of Comcast Co. (NASDAQ:CMCSA)

Triangle Securities Wealth Management lowered its position in Comcast Co. (NASDAQ:CMCSA – Get Rating) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,066 shares of the cable giant’s stock after selling 797 shares during the quarter. Triangle Securities Wealth Management’s holdings in Comcast were worth $947,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Comcast by 2.0% in the third quarter. Pacer Advisors Inc. now owns 144,161 shares of the cable giant’s stock valued at $4,228,000 after acquiring an additional 2,852 shares during the last quarter. Fiera Capital Corp increased its stake in Comcast by 1.9% in the second quarter. Fiera Capital Corp now owns 22,519 shares of the cable giant’s stock valued at $884,000 after acquiring an additional 416 shares during the last quarter. Vicus Capital increased its stake in Comcast by 12.2% in the third quarter. Vicus Capital now owns 7,363 shares of the cable giant’s stock valued at $216,000 after acquiring an additional 799 shares during the last quarter. FirstPurpose Wealth LLC increased its stake in Comcast by 19.3% in the third quarter. FirstPurpose Wealth LLC now owns 7,854 shares of the cable giant’s stock valued at $230,000 after acquiring an additional 1,268 shares during the last quarter. Finally, American National Bank increased its stake in Comcast by 156.7% in the third quarter. American National Bank now owns 3,540 shares of the cable giant’s stock valued at $104,000 after acquiring an additional 2,161 shares during the last quarter. Institutional investors own 82.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CMCSA shares. Wells Fargo & Company increased their target price on Comcast from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, January 27th. Bank of America restated a “neutral” rating and set a $44.00 price target on shares of Comcast in a research report on Tuesday, February 28th. Pivotal Research upped their price target on shares of Comcast from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, January 27th. TheStreet upgraded shares of Comcast from a “c” rating to a “b-” rating in a research report on Thursday, January 26th. Finally, Rosenblatt Securities upped their price target on shares of Comcast from $32.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, January 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.29.

Comcast Stock Down 0.6 %

Shares of NASDAQ CMCSA traded down $0.21 on Friday, reaching $36.03. 51,723,725 shares of the company’s stock traded hands, compared to its average volume of 20,243,703. Comcast Co. has a 12 month low of $28.39 and a 12 month high of $48.42. The business’s 50 day simple moving average is $38.18 and its two-hundred day simple moving average is $35.10. The company has a market cap of $151.90 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 0.74 and a beta of 1.00. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.20.

Comcast (NASDAQ:CMCSA – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The cable giant reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $30.55 billion during the quarter, compared to the consensus estimate of $30.36 billion. Comcast had a net margin of 4.42% and a return on equity of 18.40%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. As a group, equities research analysts forecast that Comcast Co. will post 3.67 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 26th. Stockholders of record on Wednesday, April 5th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.22%. This is a boost from Comcast’s previous quarterly dividend of $0.27. The ex-dividend date is Tuesday, April 4th. Comcast’s dividend payout ratio is presently 97.48%.

Insider Buying and Selling

In related news, major shareholder Corp Comcast sold 37,176 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $2.03, for a total transaction of $75,467.28. Following the completion of the sale, the insider now owns 19,507,693 shares in the company, valued at $39,600,616.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 7,527,791 shares of company stock valued at $19,025,007 over the last 90 days. Company insiders own 1.11% of the company’s stock.

About Comcast

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Comcast Corp. engages in the provision of video, Internet, and phone services. It operates through the following segments: Cable Communications, Media, Studios, Theme Parks, and Sky. The Cable Communications segment consists of Comcast Cable, which is a provider of broadband, video, voice, wireless, and other services to residential customers in the United States under the Xfinity brand.