Fayez Sarofim & Co Reduces Holdings in Comcast Co. (NASDAQ:CMCSA)

Fayez Sarofim & Co reduced its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,877,500 shares of the cable giant's stock after selling 868,299 shares during the period. Fayez Sarofim & Co's holdings in Comcast were worth $70,463,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CMCSA. Promus Capital LLC bought a new stake in Comcast during the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its position in 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 purchasing an additional 502 shares during the period. Roxbury Financial LLC bought a new stake in Comcast in the 4th quarter worth approximately $27,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Comcast in the 4th quarter worth $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of Comcast in the fourth quarter worth $37,000. 84.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CMCSA has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. BNP Paribas lowered Comcast from a "neutral" rating to an "underperform" rating and set a $31.00 price objective for the company. in a research note on Thursday, April 10th. Rosenblatt Securities lowered their price target on Comcast from $45.00 to $36.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Morgan Stanley set a $37.00 target price on shares of Comcast in a report on Friday. Finally, KeyCorp reduced their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Comcast currently has a consensus rating of "Moderate Buy" and an average price target of $41.98.

Comcast Trading Up 2.1 %

Shares of Comcast stock traded up $0.71 during trading hours on Friday, hitting $33.90. The company's stock had a trading volume of 29,362,656 shares, compared to its average volume of 21,851,487. The firm has a fifty day moving average of $35.35 and a 200-day moving average of $38.08. Comcast Co. has a twelve month low of $31.44 and a twelve month high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $128.18 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 1.78 and a beta of 0.94.

Comcast (NASDAQ:CMCSA - Get Free Report) last announced its earnings results on Thursday, April 24th. The cable giant reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.08. Comcast had a return on equity of 19.98% and a net margin of 13.09%. The company had revenue of $29.89 billion for the quarter, compared to analyst estimates of $29.82 billion. Research analysts forecast that Comcast Co. will post 4.33 EPS for the current year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.89%. 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.