Sepio Capital LP Trims Stock Holdings in Comcast Co. (NASDAQ:CMCSA)

Sepio Capital LP lowered its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,768 shares of the cable giant's stock after selling 13,891 shares during the period. Sepio Capital LP's holdings in Comcast were worth $1,455,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CMCSA. McIlrath & Eck LLC lifted its stake in Comcast by 14.8% during the third quarter. McIlrath & Eck LLC now owns 2,183 shares of the cable giant's stock worth $91,000 after purchasing an additional 282 shares during the last quarter. Dunhill Financial LLC lifted its stake in shares of Comcast by 54.8% in the 3rd quarter. Dunhill Financial LLC now owns 814 shares of the cable giant's stock valued at $34,000 after acquiring an additional 288 shares during the last quarter. Integrated Investment Consultants LLC raised its position in Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock valued at $622,000 after purchasing an additional 291 shares during the last quarter. Five Oceans Advisors grew its holdings in shares of Comcast by 2.5% during the fourth quarter. Five Oceans Advisors now owns 12,336 shares of the cable giant's stock worth $463,000 after purchasing an additional 298 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its position in Comcast by 1.1% during the 4th quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock worth $993,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CMCSA. The Goldman Sachs Group reduced their price objective on shares of Comcast from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Scotiabank upped their target price on Comcast from $44.50 to $45.00 and gave the company a "sector perform" rating in a report on Tuesday. UBS Group dropped their price target 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. Bank of America downgraded shares of Comcast from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.90.

Comcast Stock Up 0.1 %

Comcast stock traded up $0.04 during midday trading on Friday, hitting $33.72. 26,797,395 shares of the stock were exchanged, compared to its average volume of 21,735,894. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $127.50 billion, a price-to-earnings ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a 52-week low of $32.20 and a 52-week high of $45.31. The business's 50-day moving average price is $35.56 and its 200-day moving average price is $38.56.

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, beating 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, research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Wednesday, April 2nd will be given a $0.33 dividend. 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. This represents a $1.32 annualized dividend and a yield of 3.91%. Comcast's payout ratio is currently 31.81%.

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.