Sage Mountain Advisors LLC Has $971,000 Holdings in Comcast Co. (NASDAQ:CMCSA)

Sage Mountain Advisors LLC cut its position in Comcast Co. (NASDAQ:CMCSA) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,881 shares of the cable giant’s stock after selling 1,008 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Comcast were worth $971,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Promus Capital LLC acquired a new stake in Comcast in the 4th quarter worth $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% in the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Comcast in the 3rd quarter worth $30,000. Roxbury Financial LLC acquired a new stake in Comcast in the 4th quarter worth $27,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Comcast in the 4th quarter worth $28,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Down 3.9 %

Shares of NASDAQ CMCSA opened at $36.11 on Tuesday. Comcast Co. has a 1-year low of $32.50 and a 1-year high of $45.31. The company has a market cap of $136.53 billion, a PE ratio of 8.70, a P/E/G ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $36.10 and a two-hundred day moving average of $39.32.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, equities analysts expect that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a dividend yield of 3.66%. Comcast’s payout ratio is currently 31.81%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Loop Capital decreased their price target on shares of Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Bank of America lowered shares of Comcast from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $38.00 in a research report on Friday, January 31st. Rosenblatt Securities decreased their price target on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley decreased their target price on shares of Comcast from $45.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup decreased their target price on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

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.