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% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,437 shares of the cable giant’s stock after selling 10,471 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Comcast were worth $91,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Alberta Investment Management Corp increased its stake in shares of Comcast by 204.1% during the fourth quarter. Alberta Investment Management Corp now owns 110,400 shares of the cable giant’s stock worth $4,143,000 after purchasing an additional 74,100 shares during the period. Financial Perspectives Inc increased its stake in shares of Comcast by 4.9% during the fourth quarter. Financial Perspectives Inc now owns 15,322 shares of the cable giant’s stock worth $575,000 after purchasing an additional 712 shares during the period. Global Retirement Partners LLC increased its stake in shares of Comcast by 1.3% during the fourth quarter. Global Retirement Partners LLC now owns 57,842 shares of the cable giant’s stock worth $2,171,000 after purchasing an additional 721 shares during the period. Convergence Investment Partners LLC increased its stake in shares of Comcast by 16.5% during the fourth quarter. Convergence Investment Partners LLC now owns 34,482 shares of the cable giant’s stock worth $1,294,000 after purchasing an additional 4,890 shares during the period. Finally, Atlas Legacy Advisors LLC acquired a new stake in Comcast during the fourth quarter worth approximately $218,000. Institutional investors own 84.32% of the company’s stock.

Insider Activity

In related news, President Michael J. Cavanagh sold 25,537 shares of the firm’s stock in a transaction on 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 completion of the transaction, the president now directly owns 534,849 shares of the company’s stock, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian L. Roberts sold 234,464 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at approximately $284,539,128.48. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Comcast Stock Down 0.4 %

Shares of CMCSA opened at $36.26 on Friday. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The stock has a market capitalization of $137.08 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 1.78 and a beta of 1.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a fifty day moving average of $36.58 and a 200-day moving average of $39.58.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.64%. This is a boost from Comcast’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio is presently 29.88%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CMCSA. Rosenblatt Securities reduced their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. KeyCorp increased their price target on Comcast from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Comcast from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reduced their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Finally, Loop Capital reduced their price target on Comcast from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, January 2nd. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.83.

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.