Everpar Advisors LLC Sells 376 Shares of Comcast Co. (NASDAQ:CMCSA)

Everpar Advisors LLC reduced its stake in Comcast Co. (NASDAQ:CMCSA) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,702 shares of the cable giant’s stock after selling 376 shares during the period. Everpar Advisors LLC’s holdings in Comcast were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CMCSA. Fairscale Capital LLC bought a new stake in Comcast during the 2nd quarter worth approximately $26,000. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant’s stock valued at $26,000 after purchasing an additional 502 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter worth $30,000. McClarren Financial Advisors Inc. boosted its stake in Comcast by 365.4% during the third quarter. McClarren Financial Advisors Inc. now owns 726 shares of the cable giant’s stock valued at $30,000 after buying an additional 570 shares during the period. Finally, Iron Horse Wealth Management LLC grew its position in Comcast by 220.3% during the third quarter. Iron Horse Wealth Management LLC now owns 759 shares of the cable giant’s stock worth $32,000 after buying an additional 522 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Stock Performance

NASDAQ:CMCSA opened at $36.31 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.72 and a current ratio of 0.72. Comcast Co. has a fifty-two week low of $36.15 and a fifty-two week high of $47.11. The firm has a market cap of $138.94 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The business has a 50 day moving average price of $40.27 and a 200-day moving average price of $40.20.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, October 31st. The cable giant reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.06. The business had revenue of $32.07 billion during the quarter, compared to analysts’ expectations of $31.78 billion. Comcast had a net margin of 11.92% and a return on equity of 19.81%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 EPS. Equities research analysts predict that Comcast Co. will post 4.25 earnings per share for the current year.

Comcast Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, January 8th. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. Comcast’s dividend payout ratio (DPR) is presently 33.33%.

Wall Street Analyst Weigh In

Several research firms have weighed in on CMCSA. Benchmark reaffirmed a “buy” rating and issued a $60.00 price target on shares of Comcast in a report on Tuesday, November 19th. StockNews.com lowered shares of Comcast from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 4th. Seaport Res Ptn raised shares of Comcast from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Pivotal Research lifted their price objective on shares of Comcast from $47.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Barclays increased their target price on Comcast from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.33.

Insider Activity at Comcast

In other Comcast news, President Michael J. Cavanagh sold 25,537 shares of Comcast stock in a transaction that occurred 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 sale, the president now directly owns 534,849 shares of the company’s stock, valued at approximately $22,779,218.91. The trade was a 4.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian L. Roberts sold 234,464 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 6,669,928 shares of the company’s stock, valued at $284,539,128.48. This represents a 3.40 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is 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.