Comcast Co. (NASDAQ:CMCSA) Shares Sold by Anchor Investment Management LLC

Anchor Investment Management LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 13.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,697 shares of the cable giant's stock after selling 9,963 shares during the quarter. Anchor Investment Management LLC's holdings in Comcast were worth $2,466,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. McIlrath & Eck LLC boosted its holdings in shares of Comcast by 14.8% during the 3rd quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock valued at $91,000 after purchasing an additional 282 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after buying an additional 291 shares in the last quarter. Five Oceans Advisors boosted its stake in Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock valued at $463,000 after buying an additional 298 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after buying an additional 300 shares in the last quarter. Finally, Old Port Advisors raised its holdings in shares of Comcast by 4.9% during the 4th quarter. Old Port Advisors now owns 6,910 shares of the cable giant's stock worth $259,000 after acquiring an additional 325 shares in the last quarter. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CMCSA. Morgan Stanley reduced their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Scotiabank increased their price target on Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a report on Tuesday, April 8th. UBS Group reduced their target price on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price target on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, The Goldman Sachs Group reduced their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating on the stock 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 given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.50.

Comcast Stock Performance

Comcast stock traded up $0.41 during mid-day trading on Friday, reaching $33.96. 21,444,902 shares of the company traded hands, compared to its average volume of 21,736,500. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31. The firm's fifty day moving average is $35.51 and its two-hundred day moving average is $38.30. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94.

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

Comcast Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.89%. This is a positive change 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 (DPR) 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.