Monte Financial Group LLC Sells 155,647 Shares of Comcast Corporation $CMCSA

Monte Financial Group LLC trimmed its position in Comcast Corporation (NASDAQ:CMCSA) by 79.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,557 shares of the cable giant’s stock after selling 155,647 shares during the period. Monte Financial Group LLC’s holdings in Comcast were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC grew its position in shares of Comcast by 173.7% during the 2nd quarter. Capital A Wealth Management LLC now owns 687 shares of the cable giant’s stock valued at $25,000 after acquiring an additional 436 shares during the period. Imprint Wealth LLC purchased a new position in shares of Comcast during the 3rd quarter valued at $26,000. United Financial Planning Group LLC purchased a new stake in Comcast in the 3rd quarter worth about $28,000. Olistico Wealth LLC bought a new stake in Comcast in the 4th quarter valued at about $29,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Comcast during the second quarter worth about $31,000. 84.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CMCSA has been the subject of several analyst reports. The Goldman Sachs Group cut their price objective on shares of Comcast from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Barclays set a $28.00 price objective on shares of Comcast and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Royal Bank Of Canada cut their price objective on shares of Comcast from $32.00 to $31.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Comcast in a report on Friday, January 9th. Finally, BNP Paribas Exane decreased their price target on shares of Comcast from $26.00 to $25.00 and set an “underperform” rating on the stock in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.68.

Insider Transactions at Comcast

In other Comcast news, CEO Michael J. Cavanagh sold 57,947 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total value of $1,892,549.02. Following the sale, the chief executive officer owned 622,336 shares of the company’s stock, valued at $20,325,493.76. This trade represents a 8.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.32% of the stock is currently owned by company insiders.

Comcast Price Performance

Shares of NASDAQ:CMCSA opened at $27.96 on Thursday. The stock has a market cap of $100.60 billion, a PE ratio of 5.21, a PEG ratio of 2.26 and a beta of 0.80. The company’s fifty day moving average is $30.21 and its 200 day moving average is $29.27. Comcast Corporation has a 52 week low of $25.75 and a 52 week high of $36.66. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.96.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, January 29th. The cable giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. The company had revenue of $32.31 billion for the quarter, compared to analysts’ expectations of $32.35 billion. Comcast had a net margin of 16.17% and a return on equity of 16.86%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 EPS. Research analysts anticipate that Comcast Corporation will post 4.33 earnings per share for the current year.

Comcast Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Wednesday, April 1st will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 1st. Comcast’s dividend payout ratio (DPR) is 24.58%.

Comcast Company Profile

Comcast Corporation (NASDAQ: CMCSA) is a diversified global media and technology company headquartered in Philadelphia, Pennsylvania. Its principal operations are organized around Comcast Cable, which provides broadband internet, video, voice and wireless services to residential and business customers in the United States under the Xfinity and Comcast Business brands, and NBCUniversal, a media and entertainment group that develops, produces and distributes content across broadcast and cable networks, film, and streaming platforms.

NBCUniversal’s assets include the NBC broadcast network, a portfolio of cable channels, Universal Pictures and other film and television production businesses, and the Peacock streaming service.