Leavell Investment Management Inc. Sells 527 Shares of Comcast Co. (NASDAQ:CMCSA)

Leavell Investment Management Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA) by 2.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,045 shares of the cable giant’s stock after selling 527 shares during the period. Leavell Investment Management Inc.’s holdings in Comcast were worth $1,054,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Everett Harris & Co. CA lifted its holdings in Comcast by 7.7% in the fourth quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock valued at $73,993,000 after acquiring an additional 121,279 shares during the period. PFG Advisors lifted its position in shares of Comcast by 28.8% in the fourth quarter. PFG Advisors now owns 23,073 shares of the cable giant’s stock worth $1,012,000 after buying an additional 5,159 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Comcast during the 3rd quarter valued at about $8,868,000. CIC Wealth LLC raised its position in Comcast by 42.8% during the third quarter. CIC Wealth LLC now owns 8,800 shares of the cable giant’s stock valued at $390,000 after purchasing an additional 2,638 shares during the period. Finally, Orion Capital Management LLC bought a new stake in shares of Comcast in the 3rd quarter worth about $90,000. Institutional investors own 84.32% of the company’s stock.

Insiders Place Their Bets

In related 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 document filed with the SEC, which is available at the SEC website. 1.18% of the stock is currently owned by company insiders.

Comcast Trading Down 1.0 %

NASDAQ CMCSA opened at $41.11 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.60 and a current ratio of 0.60. Comcast Co. has a one year low of $36.38 and a one year high of $47.46. The company’s 50 day moving average price is $42.91 and its 200 day moving average price is $43.11. The firm has a market capitalization of $163.28 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.97 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly 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 analysts’ expectations of $30.41 billion. Comcast had a return on equity of 19.75% and a net margin of 12.66%. On average, sell-side analysts predict that Comcast Co. will post 4.23 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed 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. This is a positive change from Comcast’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Tuesday, April 2nd. Comcast’s payout ratio is currently 33.33%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a research report on Wednesday. Citigroup increased their price objective on shares of Comcast from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, January 30th. Rosenblatt Securities boosted their price target 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. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $44.00 in a report on Thursday, February 15th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $50.00 price objective on shares of Comcast in a research note on Tuesday, March 26th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.68.

Comcast Company 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.