Courier Capital LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 4.1% during the first quarter, Holdings Channel reports. The institutional investor owned 43,895 shares of the cable giant’s stock after selling 1,899 shares during the period. Courier Capital LLC’s holdings in Comcast were worth $1,755,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CMCSA. Boston Advisors LLC lifted its position in Comcast by 3.3% during the fourth quarter. Boston Advisors LLC now owns 16,045 shares of the cable giant’s stock valued at $546,000 after purchasing an additional 506 shares in the last quarter. Advisors Capital Management LLC purchased a new position in Comcast during the fourth quarter valued at $1,402,000. Central Bank & Trust Co. lifted its position in Comcast by 413.2% during the fourth quarter. Central Bank & Trust Co. now owns 53,964 shares of the cable giant’s stock valued at $1,837,000 after purchasing an additional 43,448 shares in the last quarter. Bowling Portfolio Management LLC lifted its position in Comcast by 759.8% during the fourth quarter. Bowling Portfolio Management LLC now owns 179,451 shares of the cable giant’s stock valued at $6,110,000 after purchasing an additional 158,580 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its position in Comcast by 21.0% during the fourth quarter. Capital Investment Advisors LLC now owns 18,819 shares of the cable giant’s stock valued at $641,000 after purchasing an additional 3,265 shares in the last quarter. Institutional investors own 80.01% of the company’s stock.

In other news, EVP Arthur R. Block sold 1,967 shares of Comcast stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.23, for a total value of $79,132.41. Following the sale, the executive vice president now directly owns 62,088 shares of the company’s stock, valued at $2,497,800.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Daniel C. Murdock sold 919 shares of Comcast stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $40.36, for a total value of $37,090.84. Following the completion of the sale, the chief accounting officer now directly owns 3,453 shares in the company, valued at $139,363.08. The disclosure for this sale can be found here. Insiders sold 849,537 shares of company stock worth $35,489,480 over the last ninety days. Insiders own 1.35% of the company’s stock.

Shares of Comcast stock opened at $43.30 on Thursday. Comcast Co. has a 52 week low of $30.67 and a 52 week high of $43.96. The stock has a market capitalization of $201.06 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.08. Comcast had a return on equity of 17.04% and a net margin of 12.34%. The business had revenue of $26.86 billion for the quarter, compared to the consensus estimate of $27.27 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities research analysts anticipate that Comcast Co. will post 2.93 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 3rd will be given a $0.21 dividend. The ex-dividend date of this dividend is Tuesday, July 2nd. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. Comcast’s payout ratio is 32.94%.

Several equities analysts recently weighed in on CMCSA shares. TD Securities lifted their target price on Comcast from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 24th. BidaskClub downgraded Comcast from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. ValuEngine upgraded Comcast from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Royal Bank of Canada downgraded Comcast from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $45.00 to $42.00 in a research report on Friday, March 29th. Finally, Macquarie upgraded Comcast from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Comcast presently has a consensus rating of “Buy” and an average price target of $44.65.

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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.

Further Reading: Diversification in Your Portfolio

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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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