Commerce Bank Decreases Stock Position in Comcast Co. (NASDAQ:CMCSA)

Commerce Bank trimmed its position in shares of Comcast Co. (NASDAQ:CMCSA - Free Report) by 14.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 216,451 shares of the cable giant's stock after selling 35,257 shares during the quarter. Commerce Bank's holdings in Comcast were worth $8,123,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC boosted its position in shares of 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 buying an additional 282 shares during the period. Integrated Investment Consultants LLC grew its stake in shares of Comcast by 1.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 16,581 shares of the cable giant's stock worth $622,000 after purchasing an additional 291 shares in the last quarter. Five Oceans Advisors increased 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 valued at $463,000 after purchasing an additional 298 shares during the period. Kovack Advisors Inc. raised its stake in shares of Comcast by 1.1% during the fourth quarter. Kovack Advisors Inc. now owns 26,470 shares of the cable giant's stock valued at $993,000 after purchasing an additional 300 shares in the last quarter. Finally, Old Port Advisors lifted its holdings in Comcast by 4.9% in the fourth quarter. Old Port Advisors now owns 6,910 shares of the cable giant's stock worth $259,000 after purchasing an additional 325 shares during the period. 84.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CMCSA. Morgan Stanley dropped their price target on shares of Comcast from $45.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Friday, January 31st. Wells Fargo & Company downgraded Comcast from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $37.00 to $31.00 in a research report on Monday, April 14th. Benchmark lowered their price target on Comcast from $57.00 to $55.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. KeyCorp decreased their target price on Comcast from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, UBS Group reduced their price objective on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.50.

Comcast Price Performance

Shares of CMCSA opened at $33.96 on Friday. 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 company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.78 and a beta of 0.94. The business's 50-day moving average is $35.51 and its 200-day moving average is $38.30. Comcast Co. has a fifty-two week low of $32.20 and a fifty-two week high of $45.31.

Comcast (NASDAQ:CMCSA - Get Free Report) last released its earnings results on Thursday, January 30th. The cable giant reported $0.96 earnings per share (EPS) 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%. Equities research analysts expect that Comcast Co. will post 4.33 EPS for the current fiscal year.

Comcast Increases Dividend

The company also recently declared 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 is 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 dividend payout ratio (DPR) is 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.

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