Colrain Capital LLC Sells 6,660 Shares of Comcast Co. (NASDAQ:CMCSA)

Colrain Capital LLC reduced its position in shares of Comcast Co. (NASDAQ:CMCSA) by 5.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 117,190 shares of the cable giant’s stock after selling 6,660 shares during the quarter. Comcast comprises about 5.5% of Colrain Capital LLC’s portfolio, making the stock its 7th biggest position. Colrain Capital LLC’s holdings in Comcast were worth $4,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its stake in shares of Comcast by 8.1% in the 1st quarter. Camarda Financial Advisors LLC now owns 3,331 shares of the cable giant’s stock valued at $133,000 after purchasing an additional 250 shares in the last quarter. Stokes & Hubbell Capital Management LLC boosted its holdings in shares of Comcast by 1.3% during the 1st quarter. Stokes & Hubbell Capital Management LLC now owns 20,560 shares of the cable giant’s stock worth $822,000 after buying an additional 259 shares during the period. Chesley Taft & Associates LLC boosted its holdings in shares of Comcast by 0.7% during the 1st quarter. Chesley Taft & Associates LLC now owns 41,805 shares of the cable giant’s stock worth $1,671,000 after buying an additional 275 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Comcast by 1.7% during the 4th quarter. GSA Capital Partners LLP now owns 16,864 shares of the cable giant’s stock worth $574,000 after buying an additional 281 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Comcast by 2.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 12,173 shares of the cable giant’s stock worth $414,000 after buying an additional 296 shares during the period. Institutional investors own 82.57% of the company’s stock.

In other Comcast news, EVP Stephen B. Burke sold 457,633 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $43.35, for a total transaction of $19,838,390.55. Following the sale, the executive vice president now owns 1,078,189 shares of the company’s stock, valued at approximately $46,739,493.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David L. Cohen sold 4,468 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $42.00, for a total transaction of $187,656.00. Following the sale, the executive vice president now directly owns 269,558 shares in the company, valued at approximately $11,321,436. The disclosure for this sale can be found here. Insiders have sold a total of 469,307 shares of company stock valued at $20,327,244 in the last quarter. 1.35% of the stock is currently owned by corporate insiders.

Shares of Comcast stock traded up $0.28 during mid-day trading on Friday, reaching $42.28. 14,778,020 shares of the stock were exchanged, compared to its average volume of 19,255,641. The company has a market capitalization of $191.89 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 1.18 and a beta of 1.12. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.38. The company has a 50-day simple moving average of $42.43. Comcast Co. has a fifty-two week low of $32.42 and a fifty-two week high of $43.96.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, April 25th. The cable giant reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.08. The business had revenue of $26.86 billion during the quarter, compared to analysts’ expectations of $27.27 billion. Comcast had a net margin of 12.34% and a return on equity of 17.04%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. On average, equities research analysts expect that Comcast Co. will post 3.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Tuesday, July 2nd. Comcast’s dividend payout ratio (DPR) is currently 32.94%.

Several equities analysts recently commented on the stock. BidaskClub cut shares of Comcast from a “buy” rating to a “hold” rating in a research note on Friday. Pivotal Research reiterated a “buy” rating and set a $54.00 target price on shares of Comcast in a research note on Wednesday. Macquarie assumed coverage on shares of Comcast in a research note on Wednesday, June 19th. They set a “buy” rating and a $50.00 target price for the company. Raymond James cut shares of Comcast from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $25.00 to $21.00 in a research note on Friday, June 14th. Finally, Rosenblatt Securities assumed coverage on shares of Comcast in a research note on Friday, June 14th. They set a “buy” rating and a $50.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $44.16.

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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Institutional Ownership by Quarter for Comcast (NASDAQ:CMCSA)

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