Berkeley Capital Partners LLC Reduces Position in Comcast Co. (NASDAQ:CMCSA)

Berkeley Capital Partners LLC lowered its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 41.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,850 shares of the cable giant's stock after selling 14,518 shares during the period. Berkeley Capital Partners LLC's holdings in Comcast were worth $783,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in CMCSA. Promus Capital LLC purchased a new stake in shares of Comcast during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its holdings in Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after buying an additional 502 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Comcast during the 4th quarter valued at $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast in the 4th quarter worth $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Comcast in the third quarter valued at about $30,000. Hedge funds and other institutional investors own 84.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Comcast from $45.00 to $37.00 and set an "equal weight" rating for the company in a report on Friday, January 31st. Rosenblatt Securities dropped their price objective on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Macquarie reduced their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Benchmark reduced their price objective 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. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.83.

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Comcast Stock Down 0.4 %

Shares of CMCSA traded down $0.15 during mid-day trading on Monday, reaching $36.60. The company had a trading volume of 34,932,733 shares, compared to its average volume of 19,872,572. Comcast Co. has a 52 week low of $32.50 and a 52 week high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $138.39 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The firm has a 50-day moving average price of $35.84 and a 200 day moving average price of $39.05.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.61%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio is 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.