Checchi Capital Advisers LLC Reduces Position in Comcast Co. (CMCSA)

Checchi Capital Advisers LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 11.4% during the 4th quarter, HoldingsChannel reports. The fund owned 41,925 shares of the cable giant’s stock after selling 5,388 shares during the period. Checchi Capital Advisers LLC’s holdings in Comcast were worth $1,428,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Capital International Investors lifted its stake in shares of Comcast by 363.4% in the third quarter. Capital International Investors now owns 122,675,220 shares of the cable giant’s stock worth $4,343,930,000 after buying an additional 96,201,446 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Comcast by 6,558.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 33,520,863 shares of the cable giant’s stock worth $984,000 after buying an additional 33,017,459 shares in the last quarter. FMR LLC lifted its stake in shares of Comcast by 10.2% in the third quarter. FMR LLC now owns 123,314,475 shares of the cable giant’s stock worth $4,366,565,000 after buying an additional 11,459,543 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Comcast by 17.6% in the third quarter. Alliancebernstein L.P. now owns 36,684,340 shares of the cable giant’s stock worth $1,298,992,000 after buying an additional 5,499,850 shares in the last quarter. Finally, Sound Shore Management Inc. CT bought a new position in shares of Comcast in the fourth quarter worth approximately $151,101,000. 79.92% of the stock is currently owned by institutional investors and hedge funds.

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CMCSA opened at $38.61 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.79 and a quick ratio of 0.79. Comcast Co. has a twelve month low of $30.43 and a twelve month high of $39.66. The company has a market cap of $179.84 billion, a PE ratio of 15.14, a P/E/G ratio of 1.15 and a beta of 1.03.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Wednesday, January 23rd. The cable giant reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. Comcast had a net margin of 12.41% and a return on equity of 16.49%. The firm had revenue of $27.85 billion during the quarter, compared to analysts’ expectations of $27.56 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. As a group, research analysts predict that Comcast Co. will post 2.71 EPS for the current fiscal year.

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 $0.21 per share. This is a boost from Comcast’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s dividend payout ratio is currently 29.80%.

Several research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Comcast in a research note on Tuesday, November 13th. They issued an “overweight” rating and a $44.00 target price on the stock. BidaskClub downgraded shares of Comcast from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Credit Suisse Group reiterated a “buy” rating and issued a $44.00 target price on shares of Comcast in a research note on Tuesday, January 22nd. TD Securities upped their target price on shares of Comcast from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Finally, Macquarie reissued a “hold” rating and set a $39.00 price objective on shares of Comcast in a report on Monday, December 24th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $43.76.

In other Comcast news, EVP David N. Watson sold 201,007 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $38.31, for a total transaction of $7,700,578.17. Following the completion of the sale, the executive vice president now directly owns 817,992 shares of the company’s stock, valued at $31,337,273.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth J. Bacon sold 7,636 shares of the company’s stock in a transaction that occurred on Monday, December 10th. The shares were sold at an average price of $37.04, for a total transaction of $282,837.44. Following the sale, the director now directly owns 33,603 shares of the company’s stock, valued at $1,244,655.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 920,297 shares of company stock valued at $34,478,816. 1.31% of the stock is owned by corporate insiders.

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Comcast Company Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.

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