Atria Investments Inc Sells 13,757 Shares of Comcast Co. (NASDAQ:CMCSA)

Atria Investments Inc trimmed its holdings in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 374,525 shares of the cable giant's stock after selling 13,757 shares during the period. Atria Investments Inc's holdings in Comcast were worth $14,056,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Winch Advisory Services LLC lifted 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 purchasing an additional 502 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Comcast in the third quarter valued at approximately $30,000. Roxbury Financial LLC acquired a new position in shares of Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. bought a new stake in Comcast during the 4th quarter worth approximately $28,000. Finally, Dunhill Financial LLC grew its position in Comcast by 54.8% during the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock worth $34,000 after acquiring an additional 288 shares during the last quarter. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Comcast Trading Up 0.2 %

Shares of CMCSA stock traded up $0.06 on Wednesday, reaching $35.56. The company had a trading volume of 24,530,240 shares, compared to its average volume of 26,877,727. The company has a 50-day moving average of $36.17 and a 200-day moving average of $39.39. Comcast Co. has a 12 month low of $32.50 and a 12 month high of $45.31. The stock has a market cap of $134.45 billion, a PE ratio of 8.57, a PEG ratio of 1.78 and a beta of 1.00. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

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

Comcast Increases Dividend

The firm also recently announced 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. This represents a $1.32 dividend on an annualized basis and a yield of 3.71%. This is a boost from Comcast's previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, April 2nd. Comcast's payout ratio is presently 31.81%.

Analyst Upgrades and Downgrades

CMCSA has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on Comcast from $45.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Friday, January 31st. Scotiabank downgraded shares of Comcast from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the stock from $48.00 to $44.50 in a research report on Monday, February 3rd. Citigroup decreased their price objective on shares of Comcast from $47.00 to $44.00 and set a "buy" rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group dropped their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Morgan Stanley decreased 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 note on Friday, January 31st. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.83.

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.