Comcast Co. (NASDAQ:CMCSA) Holdings Trimmed by Sky Investment Group LLC

Sky Investment Group LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,373 shares of the cable giant’s stock after selling 7,950 shares during the quarter. Sky Investment Group LLC’s holdings in Comcast were worth $2,491,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast during the second quarter worth $26,000. EverSource Wealth Advisors LLC raised its holdings in Comcast by 5.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 29,725 shares of the cable giant’s stock worth $1,227,000 after buying an additional 1,484 shares during the period. Steel Grove Capital Advisors LLC lifted its stake in Comcast by 1.2% during the second quarter. Steel Grove Capital Advisors LLC now owns 43,342 shares of the cable giant’s stock valued at $1,697,000 after buying an additional 508 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Comcast by 13.0% in the second quarter. Public Sector Pension Investment Board now owns 543,928 shares of the cable giant’s stock worth $21,300,000 after buying an additional 62,514 shares during the period. Finally, Evergreen Capital Management LLC raised its holdings in shares of Comcast by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 79,557 shares of the cable giant’s stock valued at $3,115,000 after acquiring an additional 2,153 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction 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 completion of the sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. This trade 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 currently owned by company insiders.

Comcast Stock Performance

Shares of NASDAQ CMCSA opened at $36.58 on Tuesday. The business’s 50-day simple moving average is $39.97 and its 200-day simple moving average is $40.19. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a 52 week low of $36.15 and a 52 week high of $47.11. The firm has a market cap of $139.97 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 1.33 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The company had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, equities research analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Barclays lifted their price target on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Scotiabank raised Comcast from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $47.75 to $48.00 in a research note on Friday, November 1st. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Comcast has a consensus rating of “Moderate Buy” and a consensus target price of $47.33.

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.