VELA Investment Management LLC Has $433,000 Stake in Comcast Co. (NASDAQ:CMCSA)

VELA Investment Management LLC decreased its position in Comcast Co. (NASDAQ:CMCSA) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,874 shares of the cable giant’s stock after selling 1,302 shares during the quarter. VELA Investment Management LLC’s holdings in Comcast were worth $433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CMCSA. Capital Analysts LLC increased its stake in Comcast by 2.2% in the fourth quarter. Capital Analysts LLC now owns 205,295 shares of the cable giant’s stock valued at $9,002,000 after acquiring an additional 4,336 shares during the last quarter. Keel Point LLC increased its position in Comcast by 8.4% during the 4th quarter. Keel Point LLC now owns 9,018 shares of the cable giant’s stock valued at $395,000 after purchasing an additional 695 shares during the period. Bourgeon Capital Management LLC lifted its stake in shares of Comcast by 105.0% in the 4th quarter. Bourgeon Capital Management LLC now owns 2,050 shares of the cable giant’s stock valued at $90,000 after purchasing an additional 1,050 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Comcast by 4.6% during the 4th quarter. Mackenzie Financial Corp now owns 1,550,431 shares of the cable giant’s stock worth $67,986,000 after buying an additional 68,371 shares in the last quarter. Finally, Bison Wealth LLC boosted its stake in Comcast by 5.6% during the fourth quarter. Bison Wealth LLC now owns 58,846 shares of the cable giant’s stock worth $2,580,000 after acquiring an additional 3,107 shares in the last quarter. 84.32% of the stock is owned by institutional investors and hedge funds.

Comcast Stock Performance

Comcast stock traded down $0.12 during trading on Tuesday, reaching $39.31. The company had a trading volume of 2,108,807 shares, compared to its average volume of 20,445,484. The firm’s 50-day simple moving average is $42.08 and its 200 day simple moving average is $42.83. 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 has a market capitalization of $156.13 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. Comcast Co. has a 52 week low of $36.38 and a 52 week high of $47.46.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 25th. The cable giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 12.66% and a return on equity of 19.75%. Sell-side analysts forecast that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.29. Comcast’s dividend payout ratio (DPR) is currently 33.33%.

Insider Transactions at Comcast

In other Comcast news, President Michael J. Cavanagh sold 114,749 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.18% of the company’s stock.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of research analyst reports. Rosenblatt Securities increased their price objective on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, December 22nd. Redburn Atlantic cut shares of Comcast from a “buy” rating to a “neutral” rating and cut their price target for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. BNP Paribas reaffirmed a “neutral” rating and set a $45.00 price target on shares of Comcast in a research report on Tuesday, April 9th. Evercore ISI reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Comcast in a report on Tuesday, March 26th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 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 company presently has an average rating of “Moderate Buy” and an average price target of $49.50.

About Comcast

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.