Sage Private Wealth Group LLC Trims Position in Comcast Co. (NASDAQ:CMCSA)

Sage Private Wealth Group LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,111 shares of the cable giant’s stock after selling 478 shares during the quarter. Sage Private Wealth Group LLC’s holdings in Comcast were worth $530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Winch Advisory Services LLC boosted its holdings in shares of Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the 3rd quarter worth $30,000. McClarren Financial Advisors Inc. boosted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after acquiring an additional 570 shares during the last quarter. Wingate Wealth Advisors Inc. purchased a new stake in Comcast during the fourth quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC increased its stake in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. Benchmark decreased their target price on Comcast from $57.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Macquarie dropped their target price on Comcast from $42.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Pivotal Research upped their price target on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.13.

Comcast Trading Up 2.2 %

Shares of NASDAQ:CMCSA opened at $35.23 on Wednesday. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31. The company has a quick ratio of 0.72, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $133.21 billion, a PE ratio of 8.49, a P/E/G ratio of 1.69 and a beta of 1.00. The company’s 50-day moving average price is $37.54 and its 200 day moving average price is $39.85.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio (DPR) is currently 29.88%.

Insider Buying and Selling

In other news, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.