Archon Partners LLC Sells 50,000 Shares of Comcast Co. (NASDAQ:CMCSA)

Archon Partners LLC decreased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,000 shares of the cable giant's stock after selling 50,000 shares during the quarter. Archon Partners LLC's holdings in Comcast were worth $4,879,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in shares of Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Comcast during the 4th quarter valued at approximately $38,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Benchmark cut their target price on shares of Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Barclays cut their price objective on Comcast from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Bank of America cut Comcast from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. Sanford C. Bernstein set a $38.00 price target on Comcast in a research note on Friday, January 31st. Finally, The Goldman Sachs Group lowered their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Comcast has a consensus rating of "Moderate Buy" and a consensus target price of $41.98.

Comcast Trading Up 2.1 %

Shares of NASDAQ:CMCSA traded up $0.71 during midday trading on Friday, reaching $33.90. The company's stock had a trading volume of 29,362,656 shares, compared to its average volume of 21,851,597. The firm has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $38.13. Comcast Co. has a fifty-two week low of $31.44 and a fifty-two week high of $45.31. The firm has a market capitalization of $128.18 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Comcast had a return on equity of 19.98% and a net margin of 13.09%. As a group, analysts forecast that Comcast Co. will post 4.33 earnings per share for the current year.

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.89%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.

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.