Sanctuary Advisors LLC Sells 139,163 Shares of Comcast Corporation $CMCSA

Key Points

• Sanctuary Advisors LLC cut its Comcast stake by 26% in Q4, selling 139,163 shares and leaving 395,267 shares valued at $11.815 million.
• CEO Michael J. Cavanagh sold 57,947 shares on Feb. 11 at an average $32.66 (about $1.89M), an 8.52% reduction to his position; company insiders now own 1.26% of Comcast.
• Comcast beat recent quarterly estimates with $0.79 EPS (vs. $0.73) and $31.46B revenue, and pays a $0.33 quarterly dividend (annualized $1.32) for a 4.8% yield.

Sanctuary Advisors LLC lessened its holdings in Comcast Corporation (NASDAQ:CMCSA - Free Report) by 26.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 395,267 shares of the cable giant's stock after selling 139,163 shares during the quarter. Sanctuary Advisors LLC's holdings in Comcast were worth $11,815,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CMCSA. Quent Capital LLC raised its holdings in Comcast by 70.6% during the 4th quarter. Quent Capital LLC now owns 12,667 shares of the cable giant's stock worth $379,000 after purchasing an additional 5,244 shares during the last quarter. Live Oak Investment Partners raised its holdings in Comcast by 40.8% during the 4th quarter. Live Oak Investment Partners now owns 42,555 shares of the cable giant's stock worth $1,272,000 after purchasing an additional 12,323 shares during the last quarter. Brindle & Bay Financial Advisors LLC bought a new position in Comcast during the 4th quarter worth approximately $828,000. Vanguard Group Inc. raised its holdings in Comcast by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 369,311,219 shares of the cable giant's stock worth $11,038,712,000 after purchasing an additional 2,160,829 shares during the last quarter. Finally, Coquina Private Wealth LLC bought a new position in Comcast during the 4th quarter worth approximately $211,000. Institutional investors own 84.32% of the company's stock.

Insider Activity at Comcast

In other news, CEO Michael J. Cavanagh sold 57,947 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $32.66, for a total transaction of $1,892,549.02. Following the completion of 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 filing with the SEC, which is available through this link. 1.26% of the stock is currently owned by company insiders.

Comcast Stock Performance

Shares of CMCSA stock opened at $27.51 on Tuesday. The company has a market cap of $98.98 billion, a price-to-earnings ratio of 5.42, a price-to-earnings-growth ratio of 2.30 and a beta of 0.80. 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 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.01. The firm has a 50 day moving average of $29.65 and a 200-day moving average of $29.04.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The cable giant reported $0.79 EPS for the quarter, topping the consensus estimate of $0.73 by $0.06. The company had revenue of $31.46 billion during the quarter, compared to the consensus estimate of $30.42 billion. Comcast had a net margin of 15.00% and a return on equity of 15.47%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. On average, equities analysts forecast that Comcast Corporation will post 3.44 earnings per share for the current year.

Comcast Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Stockholders of record on Wednesday, April 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.32 annualized dividend and a dividend yield of 4.8%. Comcast's dividend payout ratio (DPR) is 25.98%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several analyst reports. Citigroup raised their price target on shares of Comcast from $33.00 to $35.50 and gave the stock a "buy" rating in a report on Friday. Pivotal Research lowered shares of Comcast from a "strong-buy" rating to a "hold" rating in a report on Friday, January 30th. Royal Bank Of Canada raised their price target on shares of Comcast from $31.00 to $32.00 and gave the stock a "sector perform" rating in a report on Friday. Barclays set a $28.00 price target on shares of Comcast and gave the stock an "equal weight" rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Comcast in a report on Wednesday, April 8th. Eight investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $34.94.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.