United Capital Financial Advisors LLC Has $4.39 Million Holdings in Comcast Co. (NASDAQ:CMCSA)

United Capital Financial Advisors LLC decreased its stake in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,828 shares of the cable giant's stock after selling 8,902 shares during the period. United Capital Financial Advisors LLC's holdings in Comcast were worth $4,385,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Promus Capital LLC bought a new position in shares of Comcast in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its stake in shares of 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 purchasing an additional 502 shares during the period. Roxbury Financial LLC acquired a new stake in shares of Comcast during the fourth quarter worth $27,000. Wingate Wealth Advisors Inc. bought a new position in Comcast during the fourth quarter worth about $28,000. Finally, OFI Invest Asset Management bought a new stake in shares of Comcast in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 84.32% of the company's stock.

Comcast Stock Performance

Shares of Comcast stock traded up $0.55 during trading on Tuesday, hitting $34.15. 4,986,040 shares of the stock were exchanged, compared to its average volume of 27,252,574. Comcast Co. has a 1-year low of $32.20 and a 1-year high of $45.31. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $129.10 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 1.78 and a beta of 0.94. The company has a fifty day moving average price of $35.49 and a 200-day moving average price of $38.23.

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 (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, April 2nd. This is a boost from Comcast's previous quarterly dividend of $0.31. Comcast's payout ratio is currently 31.81%.

Wall Street Analysts Forecast Growth

CMCSA has been the subject of several recent analyst reports. Loop Capital lowered their target price on shares of Comcast from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, January 2nd. JPMorgan Chase & Co. decreased their target price on Comcast from $45.00 to $39.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Wells Fargo & Company lowered Comcast from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. UBS Group lowered their target price on Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group cut their price target 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Comcast has an average 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.