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

SevenBridge Financial Group LLC cut its stake in Comcast Co. (NASDAQ:CMCSA) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,240 shares of the cable giant’s stock after selling 1,626 shares during the period. SevenBridge Financial Group LLC’s holdings in Comcast were worth $1,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCSA. Norges Bank acquired a new position in shares of Comcast in the 4th quarter valued at about $3,835,226,000. Geode Capital Management LLC increased its holdings in Comcast by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 85,812,139 shares of the cable giant’s stock worth $3,212,244,000 after purchasing an additional 1,006,272 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in Comcast by 7.1% in the fourth quarter. First Eagle Investment Management LLC now owns 34,101,077 shares of the cable giant’s stock valued at $1,279,813,000 after buying an additional 2,270,186 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Comcast by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 32,709,601 shares of the cable giant’s stock worth $1,227,591,000 after buying an additional 838,366 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Comcast by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 24,725,355 shares of the cable giant’s stock valued at $927,943,000 after acquiring an additional 158,639 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped their price target on Comcast from $45.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Rosenblatt Securities cut their price target on Comcast from $45.00 to $36.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Citigroup lowered their target price on Comcast from $47.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut their target price on Comcast from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.64.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $36.72 on Wednesday. The company has a market capitalization of $138.84 billion, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The company’s 50-day moving average is $35.89 and its 200 day moving average is $38.96. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA) last released 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%. On average, equities research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current 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 given a $0.33 dividend. This is an increase from Comcast’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Wednesday, April 2nd. Comcast’s dividend payout ratio (DPR) is currently 31.81%.

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.