SageView Advisory Group LLC Buys 29,835 Shares of Comcast Co. (NASDAQ:CMCSA)

SageView Advisory Group LLC boosted its stake in Comcast Co. (NASDAQ:CMCSA) by 144.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,441 shares of the cable giant’s stock after acquiring an additional 29,835 shares during the period. SageView Advisory Group LLC’s holdings in Comcast were worth $2,353,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Wealthspire Advisors LLC boosted its holdings in shares of Comcast by 4.8% during the 4th quarter. Wealthspire Advisors LLC now owns 60,650 shares of the cable giant’s stock worth $2,659,000 after buying an additional 2,781 shares in the last quarter. Everett Harris & Co. CA boosted its holdings in shares of Comcast by 7.7% during the 4th quarter. Everett Harris & Co. CA now owns 1,687,406 shares of the cable giant’s stock worth $73,993,000 after buying an additional 121,279 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of Comcast by 1.5% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 101,182 shares of the cable giant’s stock worth $4,438,000 after buying an additional 1,486 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Comcast by 10.5% during the 4th quarter. Axxcess Wealth Management LLC now owns 115,503 shares of the cable giant’s stock worth $5,065,000 after buying an additional 10,936 shares in the last quarter. Finally, Altus Wealth Group LLC boosted its holdings in shares of Comcast by 8.3% during the 4th quarter. Altus Wealth Group LLC now owns 18,761 shares of the cable giant’s stock worth $823,000 after buying an additional 1,432 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.

Insider Transactions at Comcast

In other news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total transaction of $10,134,384.37. Following the transaction, the insider now directly owns 2,000,000 shares of the company’s stock, valued at $6,380,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

Comcast Trading Down 0.4 %

CMCSA stock traded down $0.17 during midday trading on Friday, hitting $38.51. The company had a trading volume of 7,743,078 shares, compared to its average volume of 20,449,510. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. Comcast Co. has a 52 week low of $36.43 and a 52 week high of $47.46. The stock’s 50 day moving average price is $40.29 and its 200 day moving average price is $42.07. The stock has a market cap of $151.10 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.97 and a beta of 0.99.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Comcast Co. will post 4.21 earnings per share for the current fiscal year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 3rd will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.24 annualized dividend and a yield of 3.22%. Comcast’s payout ratio is 32.80%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CMCSA shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $45.00 target price on shares of Comcast in a research report on Friday, April 26th. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. Oppenheimer reissued an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research report on Wednesday, April 3rd. Macquarie dropped their price objective on Comcast from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Finally, Scotiabank dropped their price objective on Comcast from $50.00 to $47.25 and set a “sector perform” rating on the stock in a research note on Friday, April 26th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

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.