Procyon Advisors LLC Sells 18,191 Shares of Comcast Co. (NASDAQ:CMCSA)

Procyon Advisors LLC lowered its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 139,986 shares of the cable giant's stock after selling 18,191 shares during the period. Procyon Advisors LLC's holdings in Comcast were worth $5,254,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Fairscale Capital LLC bought a new stake in Comcast in the 2nd quarter worth approximately $26,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% in the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in Comcast during the third quarter valued at $30,000. McClarren Financial Advisors Inc. lifted its holdings in Comcast by 365.4% in the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant's stock valued at $30,000 after acquiring an additional 570 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in Comcast by 220.3% in the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant's stock worth $32,000 after purchasing an additional 522 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CMCSA. Barclays increased their price objective on shares of Comcast from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Monday, November 4th. 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. Seaport Res Ptn raised shares of Comcast from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Scotiabank raised Comcast from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Finally, Wells Fargo & Company lowered their target price on Comcast from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.33.

Insider Activity at Comcast

In other news, CEO Brian L. Roberts sold 234,464 shares of Comcast 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 completion of the sale, the chief executive officer now directly owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of 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 insiders.

Comcast Price Performance

CMCSA traded up $0.27 during trading hours on Friday, hitting $36.58. The company's stock had a trading volume of 21,859,674 shares, compared to its average volume of 18,748,178. Comcast Co. has a 12 month low of $36.15 and a 12 month high of $47.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.14. The business's 50-day moving average price is $39.97 and its 200-day moving average price is $40.16. The stock 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 - Get Free Report) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.06. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm had revenue of $32.07 billion for the quarter, compared to analysts' expectations of $31.78 billion. During the same period in the prior year, the company earned $1.08 EPS. The business's revenue was up 6.5% compared to the same quarter last year. Sell-side analysts expect that Comcast Co. will post 4.25 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Wednesday, January 8th. Comcast's dividend payout ratio is currently 33.33%.

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.