Sage Rhino Capital LLC Sells 575 Shares of Comcast Co. (NASDAQ:CMCSA)

Sage Rhino Capital LLC cut its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,871 shares of the cable giant’s stock after selling 575 shares during the period. Sage Rhino Capital LLC’s holdings in Comcast were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Comcast by 39.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,065,475 shares of the cable giant’s stock valued at $446,303,000 after purchasing an additional 2,861,358 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in Comcast by 43.3% in the third quarter. Lord Abbett & CO. LLC now owns 6,311,296 shares of the cable giant’s stock worth $279,843,000 after acquiring an additional 1,907,973 shares during the period. SG Americas Securities LLC boosted its holdings in Comcast by 422.9% in the fourth quarter. SG Americas Securities LLC now owns 1,678,815 shares of the cable giant’s stock valued at $73,616,000 after acquiring an additional 1,357,756 shares in the last quarter. Bank of New York Mellon Corp increased its position in Comcast by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 36,170,191 shares of the cable giant’s stock valued at $1,603,786,000 after purchasing an additional 1,229,374 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Comcast by 35.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 4,689,476 shares of the cable giant’s stock worth $207,931,000 after purchasing an additional 1,227,469 shares during the period. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Comcast Trading Down 1.9 %

CMCSA traded down $0.74 during trading on Tuesday, hitting $38.11. 20,201,195 shares of the stock were exchanged, compared to its average volume of 20,876,318. Comcast Co. has a 1 year low of $36.43 and a 1 year high of $47.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a 50 day simple moving average of $41.47 and a 200 day simple moving average of $42.47. The firm has a market cap of $151.37 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, April 25th. The cable giant reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $30.06 billion during the quarter, compared to analyst estimates of $29.83 billion. Comcast had a net margin of 12.64% and a return on equity of 20.10%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, equities analysts expect that Comcast Co. will post 4.21 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Friday. Redburn Atlantic lowered Comcast from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $44.00 in a research report on Thursday, February 15th. BNP Paribas restated a “neutral” rating and issued a $45.00 target price on shares of Comcast in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Comcast in a research note on Wednesday, April 3rd. 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. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.60.

About Comcast

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.