Altman Advisors Inc. Sells 36,790 Shares of Comcast Co. (NASDAQ:CMCSA)

Altman Advisors Inc. lowered its position in Comcast Co. (NASDAQ:CMCSA - Free Report) by 82.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,872 shares of the cable giant's stock after selling 36,790 shares during the period. Altman Advisors Inc.'s holdings in Comcast were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. World Investment Advisors LLC increased its holdings in Comcast by 904.0% in the 3rd quarter. World Investment Advisors LLC now owns 254,545 shares of the cable giant's stock worth $10,632,000 after acquiring an additional 229,192 shares in the last quarter. Raymond James Financial Inc. bought a new position in Comcast in the 4th quarter worth approximately $743,681,000. Bfsg LLC raised its position in shares of Comcast by 752.8% during the fourth quarter. Bfsg LLC now owns 83,366 shares of the cable giant's stock valued at $3,129,000 after buying an additional 73,590 shares during the last quarter. Mission Wealth Management LP boosted its position in shares of Comcast by 8.3% during the fourth quarter. Mission Wealth Management LP now owns 43,509 shares of the cable giant's stock worth $1,633,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Robinson Value Management Ltd. increased its holdings in Comcast by 136.7% in the 4th quarter. Robinson Value Management Ltd. now owns 102,360 shares of the cable giant's stock valued at $3,842,000 after acquiring an additional 59,107 shares during the last quarter. Institutional investors own 84.32% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CMCSA. Sanford C. Bernstein set a $38.00 price objective on Comcast in a research report on Friday, January 31st. Barclays lowered their target price on Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. BNP Paribas lowered shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research report on Thursday, April 10th. Finally, Morgan Stanley reduced their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.50.

Comcast Trading Up 1.2 %

Shares of NASDAQ CMCSA traded up $0.41 during trading hours on Friday, reaching $33.96. The stock had a trading volume of 21,444,902 shares, compared to its average volume of 21,722,314. The business's fifty day moving average price is $35.54 and its two-hundred day moving average price is $38.37. The firm has a market cap of $128.40 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Comcast (NASDAQ:CMCSA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. Analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's dividend payout ratio is presently 31.81%.

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.