Bryn Mawr Capital Management LLC Sells 10,471 Shares of Comcast Co. (NASDAQ:CMCSA)

Bryn Mawr Capital Management LLC decreased its holdings in Comcast Co. (NASDAQ:CMCSA) by 81.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,437 shares of the cable giant’s stock after selling 10,471 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Comcast were worth $91,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Winch Advisory Services LLC raised 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 during the last quarter. Roxbury Financial LLC bought a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the fourth quarter worth $28,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Comcast during the third quarter worth $30,000. Finally, Dunhill Financial LLC raised its position in shares of Comcast by 54.8% during the third quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock worth $34,000 after acquiring an additional 288 shares during the last quarter. Institutional investors own 84.32% of the company’s stock.

Comcast Stock Down 0.4 %

CMCSA stock opened at $36.26 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $137.08 billion, a P/E ratio of 8.74, a P/E/G ratio of 1.78 and a beta of 1.00. The business has a 50-day moving average of $36.58 and a 200-day moving average of $39.58. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

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

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This is a boost from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast’s dividend payout ratio is currently 29.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays decreased their price objective on Comcast from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Wells Fargo & Company decreased their price objective on Comcast from $45.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Scotiabank cut Comcast from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $48.00 to $44.50 in a research note on Monday, February 3rd. Finally, Citigroup decreased their price objective on Comcast from $47.00 to $44.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Comcast presently has an average rating of “Moderate Buy” and a consensus price target of $43.83.

Insider Buying and Selling

In related news, President Michael J. Cavanagh sold 25,537 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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. This represents a 4.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.66, for a total value of $10,002,234.24. Following the sale, the chief executive officer now owns 6,669,928 shares in the company, valued at $284,539,128.48. The trade was a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.