Sivia Capital Partners LLC Sells 618 Shares of Comcast Co. (NASDAQ:CMCSA)

Sivia Capital Partners LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,399 shares of the cable giant’s stock after selling 618 shares during the period. Sivia Capital Partners LLC’s holdings in Comcast were worth $390,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CMCSA. Fairscale Capital LLC bought a new position in shares of Comcast in the 2nd quarter valued at about $26,000. McClarren Financial Advisors Inc. grew its holdings in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock worth $30,000 after purchasing an additional 570 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Comcast in the third quarter valued at approximately $30,000. Iron Horse Wealth Management LLC boosted its stake in shares of Comcast by 220.3% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after acquiring an additional 522 shares during the period. Finally, Dunhill Financial LLC raised its stake in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant’s stock valued at $34,000 after acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 84.32% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Brian L. Roberts sold 234,464 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.66, for a total transaction of $10,002,234.24. Following the completion of the sale, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. The trade was a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.59, for a total transaction of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Comcast Trading Up 0.1 %

CMCSA traded up $0.02 during trading on Monday, reaching $36.38. 11,641,121 shares of the stock traded hands, compared to its average volume of 23,280,697. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.14. The stock’s 50-day moving average is $40.69 and its 200 day moving average is $40.26. Comcast Co. has a 12 month low of $36.24 and a 12 month high of $47.11. The stock has a market capitalization of $139.21 billion, a PE ratio of 9.78, a P/E/G ratio of 1.50 and a beta of 1.01.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. Comcast had a return on equity of 19.81% and a net margin of 11.92%. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. During the same quarter last year, the firm posted $1.08 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Equities analysts anticipate that Comcast Co. will post 4.26 earnings per share for the current year.

Comcast Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.41%. The ex-dividend date is Wednesday, January 8th. Comcast’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

CMCSA has been the topic of several research reports. Seaport Res Ptn upgraded shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on shares of Comcast from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Scotiabank upgraded Comcast from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the stock from $47.75 to $48.00 in a report on Friday, November 1st. Rosenblatt Securities reiterated a “neutral” rating and issued a $45.00 price objective on shares of Comcast in a research note on Wednesday, November 6th. Finally, Macquarie restated a “neutral” rating and set a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Comcast presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.33.

Comcast Company 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.