Sage Rhino Capital LLC Sells 565 Shares of Comcast Co. (NASDAQ:CMCSA)

Sage Rhino Capital LLC lowered its position in shares of Comcast Co. (NASDAQ:CMCSA) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,904 shares of the cable giant’s stock after selling 565 shares during the quarter. Sage Rhino Capital LLC’s holdings in Comcast were worth $222,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC boosted its position in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after acquiring an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast during the 3rd quarter worth about $30,000. Roxbury Financial LLC bought a new position in shares of Comcast during the 4th quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new position in shares of Comcast during the 4th quarter worth about $28,000. Finally, Dunhill Financial LLC boosted its position in shares of Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Trading Up 0.3 %

Shares of CMCSA stock opened at $35.98 on Tuesday. The company has a 50 day moving average of $36.28 and a 200-day moving average of $39.45. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31. The firm has a market cap of $136.04 billion, a P/E ratio of 8.67, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. Sell-side analysts anticipate that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 3.67%. Comcast’s dividend payout ratio (DPR) is 31.81%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CMCSA. Loop Capital cut their price objective 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. BNP Paribas raised shares of 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. Barclays cut their price objective on shares of Comcast from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Rosenblatt Securities cut their price objective on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Citigroup cut their price objective on shares of Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.83.

About Comcast

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.