Sfmg LLC Trims Position in Comcast Co. (NASDAQ:CMCSA)

Sfmg LLC cut its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 92.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,666 shares of the cable giant's stock after selling 95,844 shares during the quarter. Sfmg LLC's holdings in Comcast were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CMCSA. Fairscale Capital LLC acquired a new stake in shares of Comcast in the 2nd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new position in Comcast during the 3rd quarter worth approximately $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 buying an additional 570 shares during the period. Iron Horse Wealth Management LLC increased its holdings 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 in the last quarter. Finally, Archer Investment Corp lifted its stake in Comcast by 177.1% in the second quarter. Archer Investment Corp now owns 812 shares of the cable giant's stock valued at $32,000 after buying an additional 519 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI upgraded shares of Comcast to a "strong-buy" rating in a research note on Thursday, November 21st. Scotiabank upgraded shares of Comcast from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Pivotal Research boosted their price objective on Comcast from $47.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, November 1st. TD Cowen dropped their target price on Comcast from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on Comcast from $43.00 to $46.00 and gave the stock an "equal weight" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.19.

Insiders Place Their Bets

In other news, President Michael J. Cavanagh sold 25,537 shares of the business's stock in a transaction 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian L. Roberts sold 234,464 shares of Comcast stock in a transaction dated Tuesday, November 26th. The shares were 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 directly owns 6,669,928 shares of the company's stock, valued at approximately $284,539,128.48. This trade represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Comcast Price Performance

Comcast stock traded up $0.53 during midday trading on Thursday, reaching $40.24. 22,430,502 shares of the stock were exchanged, compared to its average volume of 19,645,764. The firm has a market cap of $153.98 billion, a PE ratio of 10.82, a PEG ratio of 1.63 and a beta of 0.99. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.11. The company's fifty day moving average is $42.35 and its 200-day moving average is $40.31. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analyst estimates of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The company's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. On average, sell-side analysts forecast that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be issued a dividend of $0.31 per share. 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 3.08%. 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.