Comcast Co. (NASDAQ:CMCSA) Holdings Decreased by Pinebridge Investments L.P.

Pinebridge Investments L.P. reduced its holdings in Comcast Co. (NASDAQ:CMCSA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,405,064 shares of the cable giant's stock after selling 49,447 shares during the period. Comcast comprises about 0.7% of Pinebridge Investments L.P.'s holdings, making the stock its 23rd largest holding. Pinebridge Investments L.P. owned approximately 0.06% of Comcast worth $90,262,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Promus Capital LLC purchased a new stake in shares of Comcast during the fourth quarter worth $25,000. Winch Advisory Services LLC raised its stake in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast in the 4th quarter valued at approximately $28,000. Finally, OFI Invest Asset Management acquired a new position in Comcast in the fourth quarter worth approximately $37,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of a number of analyst reports. Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. BNP Paribas cut shares of Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a report on Thursday, April 10th. UBS Group cut their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. KeyCorp decreased their price target on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Sanford C. Bernstein set a $38.00 target price on Comcast in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

Comcast Stock Performance

NASDAQ CMCSA opened at $34.20 on Wednesday. The company's fifty day moving average is $35.46 and its two-hundred day moving average is $38.20. The firm has a market capitalization of $129.31 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 1.78 and a beta of 0.94. 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 Co. has a 52-week low of $32.20 and a 52-week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The firm 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 dividend of $0.33 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 3.86%. This is an increase from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 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.

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