Comcast Co. (NASDAQ:CMCSA) Stake Lowered by Sivia Capital Partners LLC

Sivia Capital Partners LLC decreased its stake in Comcast Co. (NASDAQ:CMCSA) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,399 shares of the cable giant’s stock after selling 618 shares during the period. Sivia Capital Partners LLC’s holdings in Comcast were worth $390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Enterprise Bank & Trust Co raised its holdings in shares of Comcast by 3.6% during the fourth quarter. Enterprise Bank & Trust Co now owns 12,782 shares of the cable giant’s stock valued at $480,000 after buying an additional 450 shares during the last quarter. Forza Wealth Management LLC increased its position in Comcast by 13.2% in the 4th quarter. Forza Wealth Management LLC now owns 17,579 shares of the cable giant’s stock valued at $660,000 after acquiring an additional 2,050 shares during the period. Moody National Bank Trust Division boosted its position in Comcast by 3.9% during the 4th quarter. Moody National Bank Trust Division now owns 56,851 shares of the cable giant’s stock worth $2,134,000 after acquiring an additional 2,145 shares during the period. Westmount Partners LLC grew its stake in shares of Comcast by 5.5% in the fourth quarter. Westmount Partners LLC now owns 18,041 shares of the cable giant’s stock worth $677,000 after purchasing an additional 933 shares in the last quarter. Finally, Agate Pass Investment Management LLC acquired a new position in shares of Comcast during the fourth quarter valued at $263,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

NASDAQ CMCSA traded up $0.02 on Monday, reaching $36.38. The company’s stock had a trading volume of 11,641,121 shares, compared to its average volume of 23,280,697. The firm has a market cap of $139.21 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.50 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. Comcast Co. has a 52 week low of $36.24 and a 52 week high of $47.11. The business has a 50-day moving average price of $40.69 and a 200 day moving average price of $40.26.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The firm had revenue of $32.07 billion during the quarter, compared to analyst estimates of $31.78 billion. During the same period in the prior year, the company posted $1.08 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, January 8th. Comcast’s payout ratio is presently 33.33%.

Insider Activity

In other news, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 $284,539,128.48. This represents 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 link. Also, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated 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 transaction, the president now owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was 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 corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CMCSA shares. Pivotal Research lifted their target price on Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank raised shares of Comcast from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $47.75 to $48.00 in a research note on Friday, November 1st. TD Cowen decreased their price target on shares of Comcast from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Barclays raised their price objective on Comcast from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Finally, StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.33.

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.