Sky Investment Group LLC Has $2.49 Million Position in Comcast Co. (NASDAQ:CMCSA)

Sky Investment Group LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,373 shares of the cable giant's stock after selling 7,950 shares during the period. 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 have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Comcast by 18.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 416,693 shares of the cable giant's stock valued at $15,638,000 after purchasing an additional 66,002 shares in the last quarter. Diversify Wealth Management LLC lifted its holdings in shares of Comcast by 72.7% during the fourth quarter. Diversify Wealth Management LLC now owns 84,821 shares of the cable giant's stock valued at $3,084,000 after purchasing an additional 35,704 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of Comcast by 10.3% during the fourth quarter. LVW Advisors LLC now owns 44,970 shares of the cable giant's stock valued at $1,688,000 after purchasing an additional 4,211 shares in the last quarter. Successful Portfolios LLC lifted its holdings in Comcast by 10.4% in the fourth quarter. Successful Portfolios LLC now owns 5,966 shares of the cable giant's stock valued at $224,000 after acquiring an additional 560 shares during the period. Finally, Grove Bank & Trust lifted its holdings in Comcast by 9.9% in the fourth quarter. Grove Bank & Trust now owns 34,232 shares of the cable giant's stock valued at $1,285,000 after acquiring an additional 3,087 shares during the period. 84.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CMCSA has been the topic of a number of recent research reports. Morgan Stanley downgraded Comcast from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $48.00 to $45.00 in a report on Monday, December 16th. StockNews.com upgraded Comcast from a "buy" rating to a "strong-buy" rating in a research report on Friday. Rosenblatt Securities reiterated a "neutral" rating and set a $45.00 target price on shares of Comcast in a research report on Wednesday, November 6th. Evercore ISI raised Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Comcast from $49.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.33.

Comcast Price Performance

CMCSA stock traded up $0.39 on Tuesday, reaching $36.97. The company had a trading volume of 20,976,775 shares, compared to its average volume of 23,626,285. The company's fifty day moving average is $39.81 and its 200 day moving average is $40.18. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $141.47 billion, a P/E ratio of 9.94, a PEG ratio of 1.33 and a beta of 1.01. Comcast Co. has a 1 year low of $36.15 and a 1 year high of $47.11.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to the consensus estimate of $31.78 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts forecast that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $1.24 dividend on an annualized basis and a yield of 3.35%. Comcast's payout ratio is currently 33.33%.

Insider Transactions at Comcast

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm's 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 transaction, the president now owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 6,669,928 shares of the company's stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

Comcast 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.