Comcast Co. (NASDAQ:CMCSA) Holdings Cut by Townsquare Capital LLC

Townsquare Capital LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,121 shares of the cable giant's stock after selling 18,194 shares during the quarter. Townsquare Capital LLC's holdings in Comcast were worth $14,341,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Distillate Capital Partners LLC grew its position in shares of Comcast by 6.4% during the fourth quarter. Distillate Capital Partners LLC now owns 1,047,997 shares of the cable giant's stock worth $39,331,000 after acquiring an additional 62,643 shares during the last quarter. Crux Wealth Advisors purchased a new stake in shares of Comcast in the fourth quarter valued at about $1,147,000. Nicolet Bankshares Inc. grew its holdings in shares of Comcast by 3.2% during the fourth quarter. Nicolet Bankshares Inc. now owns 27,599 shares of the cable giant's stock worth $1,036,000 after buying an additional 855 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Comcast by 6.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 345,592 shares of the cable giant's stock worth $12,990,000 after buying an additional 21,161 shares during the last quarter. Finally, Coign Capital Advisors LLC acquired a new position in Comcast in the 4th quarter valued at about $560,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Trading Up 1.7 %

Comcast stock traded up $0.59 during midday trading on Tuesday, reaching $34.74. The stock had a trading volume of 1,706,893 shares, compared to its average volume of 21,647,771. The stock has a market capitalization of $131.35 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. Comcast Co. has a twelve month low of $32.20 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's 50-day simple moving average is $35.57 and its 200 day simple moving average is $38.49.

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

Comcast Increases Dividend

The firm 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 dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.80%. Comcast's dividend payout ratio (DPR) is currently 31.81%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut Comcast from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $37.00 to $31.00 in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Barclays reduced their target price on shares of Comcast from $42.00 to $37.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Bank of America lowered shares of Comcast from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Finally, Loop Capital reduced their price objective on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

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.