Comcast Co. (NASDAQ:CMCSA) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 70.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 84,401 shares of the cable giant's stock after selling 202,401 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Comcast were worth $3,168,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Promus Capital LLC acquired a new position in shares of Comcast during the fourth quarter valued at $25,000. Winch Advisory Services LLC grew its position in Comcast by 269.9% in 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 in the last quarter. Roxbury Financial LLC acquired a new position in Comcast during the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Comcast in the 3rd quarter worth approximately $30,000. Institutional investors own 84.32% of the company's stock.

Comcast Stock Down 0.4 %

CMCSA opened at $35.95 on Wednesday. The company has a market capitalization of $135.93 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 1.78 and a beta of 1.00. The business has a 50-day moving average of $36.07 and a 200-day moving average of $39.29. Comcast Co. has a fifty-two week low of $32.50 and a fifty-two 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.

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Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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 net margin of 13.09% and a return on equity of 19.98%. Equities research analysts forecast that Comcast Co. will post 4.33 EPS for the current fiscal 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 given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.67%. 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 presently 31.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CMCSA shares. Scotiabank cut Comcast from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $48.00 to $44.50 in a report on Monday, February 3rd. Benchmark dropped their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Macquarie decreased their target price on Comcast from $42.00 to $36.00 and set a "neutral" rating for the company in a research note 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 research report on Thursday, January 2nd. Finally, Morgan Stanley reduced their price objective 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. Nine research 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.83.

Comcast Company 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.

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