Level Four Advisory Services LLC Sells 30,407 Shares of Comcast Corporation $CMCSA

Level Four Advisory Services LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 16.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 156,911 shares of the cable giant’s stock after selling 30,407 shares during the period. Level Four Advisory Services LLC’s holdings in Comcast were worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC lifted its position in Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock worth $25,000 after acquiring an additional 436 shares during the last quarter. Avalon Trust Co increased its stake in shares of Comcast by 433.3% in the second quarter. Avalon Trust Co now owns 768 shares of the cable giant’s stock worth $27,000 after purchasing an additional 624 shares during the period. Howard Hughes Medical Institute acquired a new position in shares of Comcast during the 2nd quarter worth about $29,000. Newbridge Financial Services Group Inc. bought a new stake in Comcast during the 2nd quarter valued at approximately $31,000. Finally, Corsicana & Co. acquired a new stake in Comcast in the 3rd quarter valued at approximately $32,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Comcast

In related news, CEO Michael J. Cavanagh sold 57,947 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. The trade was a 8.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by company insiders.

Comcast Price Performance

NASDAQ:CMCSA opened at $31.01 on Wednesday. The company has a 50-day moving average of $29.93 and a 200-day moving average of $29.97. The company has a market capitalization of $111.57 billion, a price-to-earnings ratio of 5.77, a PEG ratio of 2.40 and a beta of 0.79. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $37.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.88 and a current ratio of 0.88.

Comcast (NASDAQ:CMCSA) last posted its earnings results on Thursday, January 29th. The cable giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The business had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. As a group, equities research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current fiscal year.

Comcast Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.3%. Comcast’s dividend payout ratio is presently 24.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Moffett Nathanson cut their price target on Comcast from $58.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Citigroup reiterated a “buy” rating and set a $33.00 target price (up from $32.79) on shares of Comcast in a research note on Friday, January 30th. Rosenblatt Securities restated a “neutral” rating and issued a $30.00 price target on shares of Comcast in a research report on Friday, January 30th. Benchmark dropped their price objective on shares of Comcast from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Finally, Barclays set a $28.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $34.87.

Comcast Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.