Sequoia Financial Advisors LLC Sells 44,790 Shares of Comcast Co. (NASDAQ:CMCSA)

Sequoia Financial Advisors LLC trimmed its stake in Comcast Co. (NASDAQ:CMCSA) by 15.4% in the first quarter, HoldingsChannel reports. The firm owned 246,513 shares of the cable giant’s stock after selling 44,790 shares during the period. Sequoia Financial Advisors LLC’s holdings in Comcast were worth $10,686,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. JT Stratford LLC grew its holdings in Comcast by 10.6% during the third quarter. JT Stratford LLC now owns 19,818 shares of the cable giant’s stock valued at $879,000 after purchasing an additional 1,905 shares during the period. Royal London Asset Management Ltd. grew its position in Comcast by 5.1% during the third quarter. Royal London Asset Management Ltd. now owns 1,745,625 shares of the cable giant’s stock valued at $77,410,000 after acquiring an additional 84,421 shares during the last quarter. Cito Capital Group LLC grew its holdings in shares of Comcast by 1.3% in the third quarter. Cito Capital Group LLC now owns 55,870 shares of the cable giant’s stock worth $2,477,000 after purchasing an additional 700 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Comcast in the third quarter worth approximately $895,000. Finally, Crestwood Advisors Group LLC grew its holdings in shares of Comcast by 1,598.4% in the third quarter. Crestwood Advisors Group LLC now owns 264,722 shares of the cable giant’s stock worth $11,738,000 after purchasing an additional 249,135 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Seaport Res Ptn lowered Comcast from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 24th. Wells Fargo & Company lowered their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Comcast from $55.00 to $53.00 in a research report on Friday, April 5th. Rosenblatt Securities reissued a “neutral” rating and set a $45.00 price objective on shares of Comcast in a research report on Friday, April 26th. Finally, Citigroup lowered their price objective on Comcast from $53.00 to $48.00 and set a “buy” rating for the company in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $48.53.

Comcast Trading Down 0.5 %

Shares of NASDAQ CMCSA traded down $0.19 during trading hours on Friday, hitting $37.86. 12,172,337 shares of the company traded hands, compared to its average volume of 18,976,304. The stock has a market capitalization of $148.55 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.95 and a beta of 1.00. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average price is $38.57 and its 200 day moving average price is $41.19. Comcast Co. has a 12 month low of $36.43 and a 12 month high of $47.46.

Comcast (NASDAQ:CMCSA) last released its earnings results on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $30.06 billion for the quarter, compared to the consensus estimate of $29.83 billion. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. On average, equities research analysts anticipate that Comcast Co. will post 4.22 earnings per share for the current fiscal year.

Comcast Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Wednesday, July 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Wednesday, July 3rd. Comcast’s dividend payout ratio (DPR) is presently 32.80%.

Insider Buying and Selling at Comcast

In other Comcast news, major shareholder Corp Comcast sold 3,176,923 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $3.19, for a total value of $10,134,384.37. Following the transaction, the insider now owns 2,000,000 shares of the company’s stock, valued at approximately $6,380,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

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.