SevenBridge Financial Group LLC Sells 1,626 Shares of Comcast Co. (NASDAQ:CMCSA)

SevenBridge Financial Group LLC trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,240 shares of the cable giant’s stock after selling 1,626 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Comcast were worth $1,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CMCSA. Promus Capital LLC acquired a new stake in Comcast during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its position in shares of Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter valued at $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Comcast during the third quarter worth about $30,000. Institutional investors and hedge funds own 84.32% of the company’s stock.

Analyst Ratings Changes

CMCSA has been the subject of several recent research reports. Rosenblatt Securities reduced their target price on shares of Comcast from $45.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Seaport Res Ptn raised Comcast from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded Comcast from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 27th. Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Loop Capital dropped their price objective on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, January 2nd. Ten investment analysts have rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.64.

Comcast Stock Down 0.5 %

Shares of NASDAQ CMCSA opened at $36.72 on Wednesday. The stock has a 50-day moving average price of $35.89 and a two-hundred day moving average price of $38.96. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The company has a market cap of $138.84 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.78 and a beta of 1.00.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a net margin of 13.09% and a return on equity of 19.98%. As a group, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast’s previous quarterly dividend of $0.31. Comcast’s dividend payout ratio is presently 31.81%.

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.