Cerity Partners LLC Sells 120,514 Shares of Comcast Co. (NASDAQ:CMCSA)

Cerity Partners LLC decreased its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,035,913 shares of the cable giant's stock after selling 120,514 shares during the period. Cerity Partners LLC's holdings in Comcast were worth $40,851,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Promus Capital LLC purchased a new stake in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its holdings in shares of Comcast by 269.9% during the fourth 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 bought a new stake in shares of Comcast during the fourth quarter valued at approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in Comcast in the 4th quarter worth approximately $28,000. Finally, Dunhill Financial LLC lifted its position in Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after acquiring an additional 288 shares in the last quarter. 84.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a report on Friday, January 31st. Loop Capital dropped their price target on shares of Comcast from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, January 2nd. Citigroup reduced their price target on shares of Comcast from $47.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Macquarie lowered their price objective on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Finally, Morgan Stanley cut their target price on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $42.90.

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Comcast Price Performance

Shares of NASDAQ:CMCSA traded up $0.04 during trading on Friday, hitting $33.72. 26,797,395 shares of the company's stock were exchanged, compared to its average volume of 21,729,144. The business's 50-day simple moving average is $35.56 and its 200 day simple moving average is $38.54. The company has a market cap of $127.50 billion, a price-to-earnings ratio of 8.13, a PEG 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 debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68.

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

Comcast Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 annualized dividend and a yield of 3.91%. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio 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.