Tandem Investment Advisors Inc. Sells 24,812 Shares of Comcast Co. (NASDAQ:CMCSA)

Tandem Investment Advisors Inc. decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,158,446 shares of the cable giant’s stock after selling 24,812 shares during the quarter. Comcast makes up 3.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 6th biggest position. Tandem Investment Advisors Inc. owned about 0.05% of Comcast worth $94,648,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. lifted its stake in shares of Comcast by 3.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 575,993 shares of the cable giant’s stock worth $25,257,000 after buying an additional 21,881 shares in the last quarter. Sfmg LLC lifted its stake in shares of Comcast by 2.6% in the fourth quarter. Sfmg LLC now owns 101,022 shares of the cable giant’s stock worth $4,430,000 after buying an additional 2,581 shares in the last quarter. TRUE Private Wealth Advisors lifted its stake in shares of Comcast by 8.0% in the fourth quarter. TRUE Private Wealth Advisors now owns 17,647 shares of the cable giant’s stock worth $774,000 after buying an additional 1,309 shares in the last quarter. Scissortail Wealth Management LLC lifted its stake in shares of Comcast by 32.6% in the fourth quarter. Scissortail Wealth Management LLC now owns 120,177 shares of the cable giant’s stock worth $5,542,000 after buying an additional 29,555 shares in the last quarter. Finally, Tyche Wealth Partners LLC purchased a new position in shares of Comcast in the fourth quarter worth about $955,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Down 0.3 %

Shares of Comcast stock traded down $0.13 during trading hours on Wednesday, hitting $38.99. The company had a trading volume of 20,449,255 shares, compared to its average volume of 20,682,635. Comcast Co. has a twelve month low of $36.38 and a twelve month high of $47.46. The company has a market cap of $154.86 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of 0.96 and a beta of 0.98. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50-day moving average is $41.97 and its two-hundred day moving average is $42.79.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, January 25th. The cable giant reported $0.84 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $30.41 billion. Analysts anticipate that Comcast Co. will post 4.23 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently announced 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 is an increase from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.18%. The ex-dividend date is Tuesday, April 2nd. Comcast’s dividend payout ratio (DPR) is 33.33%.

Insider Transactions at Comcast

In other news, President Michael J. Cavanagh sold 114,749 shares of Comcast 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CMCSA. Citigroup lifted their target price on shares of Comcast from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Comcast from $55.00 to $53.00 in a research note on Friday, April 5th. Oppenheimer reaffirmed an “outperform” rating and set a $55.00 target price on shares of Comcast in a research note on Wednesday, April 3rd. Rosenblatt Securities lifted their target price on shares of Comcast from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Friday, December 22nd. Finally, StockNews.com downgraded shares of 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 given a buy rating to the company’s stock. According to MarketBeat, Comcast currently has an average rating of “Moderate Buy” and a consensus target price 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.