Eagle Bay Advisors LLC Sells 7,734 Shares of Comcast Co. (NASDAQ:CMCSA)

Eagle Bay Advisors LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,935 shares of the cable giant’s stock after selling 7,734 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Comcast were worth $673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CMCSA. Koshinski Asset Management Inc. boosted its position in shares of Comcast by 0.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 30,584 shares of the cable giant’s stock worth $1,277,000 after acquiring an additional 249 shares in the last quarter. Taurus Asset Management LLC boosted its position in shares of Comcast by 2.9% in the 3rd quarter. Taurus Asset Management LLC now owns 9,125 shares of the cable giant’s stock valued at $381,000 after purchasing an additional 253 shares during the period. Regent Peak Wealth Advisors LLC boosted its position in shares of Comcast by 3.1% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 8,445 shares of the cable giant’s stock valued at $353,000 after purchasing an additional 257 shares during the period. Abich Financial Wealth Management LLC boosted its position in shares of Comcast by 4.7% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 5,829 shares of the cable giant’s stock valued at $243,000 after purchasing an additional 260 shares during the period. Finally, Greenwich Wealth Management LLC boosted its position in shares of Comcast by 2.7% in the 2nd quarter. Greenwich Wealth Management LLC now owns 9,754 shares of the cable giant’s stock valued at $382,000 after purchasing an additional 261 shares during the period. Institutional investors own 84.32% of the company’s stock.

Comcast Price Performance

Shares of CMCSA traded up $0.05 on Monday, reaching $36.41. The stock had a trading volume of 5,704,107 shares, compared to its average volume of 22,461,031. The firm has a market capitalization of $139.32 billion, a PE ratio of 9.79, a PEG ratio of 1.50 and a beta of 1.01. 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 firm has a 50-day moving average of $40.69 and a 200 day moving average of $40.26. Comcast Co. has a twelve month low of $36.24 and a twelve month high of $47.11.

Comcast (NASDAQ:CMCSA) last announced its earnings results on Thursday, October 31st. The cable giant reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.06. The firm had revenue of $32.07 billion for the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a return on equity of 19.81% and a net margin of 11.92%. Comcast’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. Sell-side analysts expect that Comcast Co. will post 4.26 EPS for the current year.

Comcast Dividend Announcement

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

Analyst Upgrades and Downgrades

CMCSA has been the subject of a number of research analyst reports. Macquarie reissued a “neutral” rating and issued a $42.00 target price on shares of Comcast in a research report on Monday, January 6th. Pivotal Research upped their price objective on Comcast from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded Comcast from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 4th. Benchmark reaffirmed a “buy” rating and set a $60.00 price objective on shares of Comcast in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Comcast from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Buying and Selling at Comcast

In related news, CEO Brian L. Roberts sold 234,464 shares of the 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 trade represents a 3.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael J. Cavanagh sold 25,537 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.59, for a total value of $1,087,620.83. Following the completion of the transaction, the president now directly owns 534,849 shares in the company, valued at $22,779,218.91. This trade represents a 4.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

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.