Shelton Capital Management Sells 14,154 Shares of Comcast Co. (NASDAQ:CMCSA)

Shelton Capital Management lowered its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 747,595 shares of the cable giant's stock after selling 14,154 shares during the period. Comcast makes up 0.7% of Shelton Capital Management's holdings, making the stock its 20th biggest holding. Shelton Capital Management's holdings in Comcast were worth $28,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCSA. Promus Capital LLC acquired a new position in shares of Comcast during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its stake in Comcast by 269.9% during the fourth quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of Comcast in the fourth quarter worth about $27,000. Wingate Wealth Advisors Inc. bought a new stake in shares of Comcast during the 4th quarter valued at approximately $28,000. Finally, Dunhill Financial LLC increased 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 purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Up 0.1 %

Shares of NASDAQ:CMCSA traded up $0.04 during midday trading on Friday, hitting $33.72. 26,797,395 shares of the company's stock were exchanged, compared to its average volume of 21,729,144. Comcast Co. has a 12 month low of $32.20 and a 12 month high of $45.31. The company has a market cap of $127.50 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. 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 stock has a 50 day moving average price of $35.56 and a 200-day moving average price of $38.54.

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Comcast (NASDAQ:CMCSA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.98% and a net margin of 13.09%. On average, sell-side analysts anticipate that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be paid 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 dividend yield of 3.91%. Comcast's dividend payout ratio is presently 31.81%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CMCSA. Scotiabank boosted their target price on shares of Comcast from $44.50 to $45.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 8th. Rosenblatt Securities lowered their target price on Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Macquarie cut their price target on Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. The Goldman Sachs Group lowered their price objective on Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $50.00 to $38.00 in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.90.

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.