Sanctuary Advisors LLC Sells 79,378 Shares of Comcast Co. (NASDAQ:CMCSA)

Sanctuary Advisors LLC lowered its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 684,406 shares of the cable giant's stock after selling 79,378 shares during the period. Sanctuary Advisors LLC's holdings in Comcast were worth $25,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. World Investment Advisors LLC increased its position in shares of Comcast by 904.0% during the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock valued at $10,632,000 after purchasing an additional 229,192 shares during the last quarter. Robinson Value Management Ltd. increased its position in shares of Comcast by 136.7% during the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after purchasing an additional 59,107 shares during the last quarter. Tidal Investments LLC increased its position in shares of Comcast by 15.2% during the 3rd quarter. Tidal Investments LLC now owns 171,440 shares of the cable giant's stock valued at $7,161,000 after purchasing an additional 22,684 shares during the last quarter. Private Management Group Inc. increased its position in shares of Comcast by 3.0% during the 4th quarter. Private Management Group Inc. now owns 855,787 shares of the cable giant's stock valued at $32,118,000 after purchasing an additional 24,827 shares during the last quarter. Finally, Parnassus Investments LLC increased its position in shares of Comcast by 3.7% during the 3rd quarter. Parnassus Investments LLC now owns 1,920,800 shares of the cable giant's stock valued at $80,232,000 after purchasing an additional 68,139 shares during the last quarter. Hedge funds and other institutional investors own 84.32% of the company's stock.

Insider Buying and Selling at Comcast

In other Comcast 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 transaction, the chief executive officer now owns 6,669,928 shares in the company, valued at approximately $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now owns 534,849 shares of the company's stock, valued at $22,779,218.91. This represents a 4.56 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Comcast Stock Down 0.4 %

Shares of CMCSA traded down $0.16 on Friday, reaching $36.26. The stock had a trading volume of 21,402,835 shares, compared to its average volume of 26,761,117. The firm has a market capitalization of $137.08 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a 50-day simple moving average of $36.58 and a 200-day simple moving average of $39.58. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Sell-side analysts predict that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.33 per share. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.64%. Comcast's payout ratio is presently 29.88%.

Analysts Set New Price Targets

CMCSA has been the topic of several recent research reports. BNP Paribas upgraded Comcast from an "underperform" rating to a "neutral" rating and set a $35.00 price objective on the stock in a research report on Friday, January 31st. Morgan Stanley reduced their price target on Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Citigroup reduced their price target on Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Comcast has an average rating of "Moderate Buy" and an average target price of $44.13.

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.