Everence Capital Management Inc. Sells 21,530 Shares of Comcast Co. (NASDAQ:CMCSA)

Everence Capital Management Inc. cut its position in shares of Comcast Co. (NASDAQ:CMCSA) by 16.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,200 shares of the cable giant’s stock after selling 21,530 shares during the period. Everence Capital Management Inc.’s holdings in Comcast were worth $4,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Keystone Financial Services increased its position in Comcast by 1.1% in the 4th quarter. Keystone Financial Services now owns 20,432 shares of the cable giant’s stock valued at $896,000 after buying an additional 229 shares in the last quarter. Capital Investment Advisors LLC increased its position in Comcast by 0.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 34,950 shares of the cable giant’s stock valued at $1,550,000 after buying an additional 238 shares in the last quarter. Ironwood Financial llc increased its position in Comcast by 1.6% in the 3rd quarter. Ironwood Financial llc now owns 15,449 shares of the cable giant’s stock valued at $685,000 after buying an additional 238 shares in the last quarter. Welch Group LLC increased its position in Comcast by 4.4% in the 3rd quarter. Welch Group LLC now owns 5,674 shares of the cable giant’s stock valued at $252,000 after buying an additional 239 shares in the last quarter. Finally, Tradewinds LLC. increased its position in Comcast by 1.3% in the 2nd quarter. Tradewinds LLC. now owns 19,414 shares of the cable giant’s stock valued at $807,000 after buying an additional 241 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Comcast Stock Down 0.8 %

Comcast stock traded down $0.31 during trading hours on Tuesday, hitting $39.12. 18,890,691 shares of the stock traded hands, compared to its average volume of 20,607,814. The company has a market cap of $155.38 billion, a PE ratio of 10.60, a PEG ratio of 0.96 and a beta of 0.98. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $42.08 and its two-hundred day moving average price is $42.83. Comcast Co. has a one year low of $36.38 and a one year high of $47.46.

Comcast (NASDAQ:CMCSA) last posted its quarterly earnings data on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The firm had revenue of $31.25 billion during the quarter, compared to analyst estimates of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, research analysts forecast that Comcast Co. will post 4.23 EPS for the current 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 issued a $0.31 dividend. The ex-dividend date is Tuesday, April 2nd. This represents a $1.24 annualized dividend and a yield of 3.17%. This is an increase from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of analysts have commented on CMCSA shares. Benchmark reissued a “buy” rating and set a $55.00 price objective on shares of Comcast in a report on Wednesday, April 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 target price on shares of Comcast in a report on Tuesday, March 26th. BNP Paribas reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Comcast in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft reduced their target price on Comcast from $55.00 to $53.00 in a report on Friday, April 5th. Finally, Rosenblatt Securities upped their target price on Comcast from $44.00 to $46.00 and gave the company a “neutral” rating in a report on Friday, December 22nd. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.50.

Insider Buying and Selling

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $46.10, for a total transaction of $5,289,928.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.18% of the stock is currently owned by insiders.

Comcast 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.