Oak Asset Management LLC Has $3.40 Million Stock Position in Comcast Co. (NASDAQ:CMCSA)

Oak Asset Management LLC cut its stake in Comcast Co. (NASDAQ:CMCSAFree Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,478 shares of the cable giant’s stock after selling 1,125 shares during the period. Comcast makes up about 1.4% of Oak Asset Management LLC’s portfolio, making the stock its 22nd biggest holding. Oak Asset Management LLC’s holdings in Comcast were worth $3,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Investment Advisors LLC raised its position in shares of Comcast by 0.7% during the third quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock worth $1,550,000 after purchasing an additional 238 shares during the period. Ironwood Financial llc increased its holdings in shares of Comcast by 1.6% in the third quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock worth $685,000 after buying an additional 238 shares during the period. Welch Group LLC increased its holdings in shares of Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock worth $252,000 after buying an additional 239 shares during the last quarter. Boltwood Capital Management raised its holdings in Comcast by 1.5% in the third quarter. Boltwood Capital Management now owns 16,239 shares of the cable giant’s stock worth $720,000 after purchasing an additional 240 shares in the last quarter. Finally, Tradewinds LLC. grew its holdings in shares of Comcast by 1.3% during the second quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock worth $807,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Trading Down 0.6 %

NASDAQ CMCSA traded down $0.23 on Wednesday, reaching $41.58. The stock had a trading volume of 2,698,588 shares, compared to its average volume of 19,915,385. The stock has a fifty day moving average price of $43.04 and a two-hundred day moving average price of $43.13. Comcast Co. has a 12-month low of $36.38 and a 12-month high of $47.46. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $165.15 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSAGet Free Report) last announced its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Comcast had a net margin of 12.66% and a return on equity of 19.75%. The company had revenue of $31.25 billion for the quarter, compared to the consensus estimate of $30.41 billion. As a group, sell-side analysts forecast that Comcast Co. will post 4.25 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 3rd will be given a $0.31 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.98%. Comcast’s payout ratio is presently 31.18%.

Insider Activity at Comcast

In related news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMCSA. Pivotal Research upped their price objective on shares of Comcast from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Citigroup raised their price objective on Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Redburn Atlantic downgraded Comcast from a “buy” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $44.00 in a research note on Thursday, February 15th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Comcast in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.68.

Read Our Latest Stock Report on Comcast

About Comcast

(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.

See Also

Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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