SageView Advisory Group LLC Has $1.70 Million Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

SageView Advisory Group LLC lessened its holdings in shares of Comcast Co. (NASDAQ:CMCSA) by 22.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 39,162 shares of the cable giant’s stock after selling 11,279 shares during the period. SageView Advisory Group LLC’s holdings in Comcast were worth $1,698,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Luken Investment Analytics LLC increased its stake in Comcast by 258.0% during the first quarter. Luken Investment Analytics LLC now owns 580 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 418 shares during the period. Steph & Co. increased its stake in Comcast by 154.6% during the first quarter. Steph & Co. now owns 611 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 371 shares during the period. OLD Point Trust & Financial Services N A bought a new position in Comcast during the fourth quarter valued at about $28,000. Pineridge Advisors LLC bought a new position in Comcast during the fourth quarter valued at about $32,000. Finally, Financial Synergies Wealth Advisors Inc. increased its stake in Comcast by 336.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 769 shares of the cable giant’s stock valued at $33,000 after acquiring an additional 593 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Stock Performance

NASDAQ:CMCSA traded down $0.45 during mid-day trading on Thursday, hitting $40.14. The stock had a trading volume of 16,475,404 shares, compared to its average volume of 20,410,283. Comcast Co. has a twelve month low of $36.43 and a twelve month high of $47.46. The stock has a market cap of $157.49 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.99 and a beta of 1.00. The company’s 50 day simple moving average is $38.55 and its 200 day simple moving average is $40.85. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The business had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same period last year, the business posted $0.92 EPS. Comcast’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts forecast that Comcast Co. will post 4.21 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.09%. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insiders Place Their Bets

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the completion of the sale, the insider now directly owns 2,000,000 shares in the company, valued at $6,380,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CMCSA. Seaport Res Ptn downgraded Comcast from a “strong-buy” rating to a “hold” rating in a report on Monday, June 24th. Scotiabank reduced their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a report on Friday, April 26th. Citigroup reduced their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Wells Fargo & Company reduced their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.53.

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.