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

Sage Rhino Capital LLC reduced its holdings in Comcast Co. (NASDAQ:CMCSA) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,871 shares of the cable giant’s stock after selling 575 shares during the quarter. Sage Rhino Capital LLC’s holdings in Comcast were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CMCSA. Savant Capital LLC lifted its position in Comcast by 8.3% in the 4th quarter. Savant Capital LLC now owns 126,225 shares of the cable giant’s stock valued at $5,535,000 after acquiring an additional 9,714 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of Comcast by 20.9% in the fourth quarter. Alpha Cubed Investments LLC now owns 18,185 shares of the cable giant’s stock valued at $797,000 after purchasing an additional 3,144 shares in the last quarter. MONECO Advisors LLC boosted its position in shares of Comcast by 16.2% during the fourth quarter. MONECO Advisors LLC now owns 7,188 shares of the cable giant’s stock worth $315,000 after buying an additional 1,004 shares during the period. Brighton Jones LLC lifted its stake in Comcast by 1.3% in the 4th quarter. Brighton Jones LLC now owns 142,421 shares of the cable giant’s stock valued at $6,245,000 after acquiring an additional 1,790 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its holdings in shares of Comcast by 2.1% in the fourth quarter. WealthTrust Axiom LLC now owns 20,541 shares of the cable giant’s stock valued at $901,000 after purchasing an additional 428 shares during the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Comcast Price Performance

Shares of NASDAQ:CMCSA traded down $0.74 during midday trading on Tuesday, hitting $38.11. The stock had a trading volume of 20,201,195 shares, compared to its average volume of 20,876,318. The company’s 50-day moving average price is $41.47 and its 200-day moving average price is $42.47. Comcast Co. has a fifty-two week low of $36.43 and a fifty-two week high of $47.46. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $151.37 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Thursday, April 25th. The cable giant reported $1.04 EPS for the quarter, topping the consensus estimate of $0.98 by $0.06. Comcast had a return on equity of 20.10% and a net margin of 12.64%. The firm had revenue of $30.06 billion during the quarter, compared to the consensus estimate of $29.83 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts predict that Comcast Co. will post 4.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CMCSA. StockNews.com lowered Comcast from a “strong-buy” rating to a “buy” rating in a report on Friday, March 22nd. Wells Fargo & Company dropped their price objective on Comcast from $47.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday. Oppenheimer reissued an “outperform” rating and issued a $55.00 price objective on shares of Comcast in a report on Wednesday, April 3rd. Rosenblatt Securities restated a “neutral” rating and set a $45.00 target price on shares of Comcast in a report on Friday. Finally, BNP Paribas reiterated a “neutral” rating and issued a $45.00 price target on shares of Comcast in a research note on Tuesday, April 9th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.60.

Comcast Company 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.