Dillon & Associates Inc. lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 51.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,335 shares of the cable giant's stock after selling 22,190 shares during the period. Dillon & Associates Inc.'s holdings in Comcast were worth $811,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Stevens Capital Management LP bought a new position in Comcast during the fourth quarter valued at approximately $974,000. LPL Financial LLC boosted its stake in shares of Comcast by 5.8% in the 4th quarter. LPL Financial LLC now owns 3,437,898 shares of the cable giant's stock valued at $129,024,000 after purchasing an additional 188,331 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Comcast during the 4th quarter valued at $54,156,000. Hillsdale Investment Management Inc. lifted its stake in Comcast by 24.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 26,552 shares of the cable giant's stock worth $996,000 after purchasing an additional 5,140 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Comcast by 6.4% during the fourth quarter. Sei Investments Co. now owns 2,722,885 shares of the cable giant's stock valued at $102,192,000 after buying an additional 164,185 shares during the period. Hedge funds and other institutional investors own 84.32% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Scotiabank lowered Comcast from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $48.00 to $44.50 in a research note on Monday, February 3rd. Macquarie cut their target price on shares of Comcast from $42.00 to $36.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. UBS Group dropped their price target on shares of Comcast from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday. Bank of America cut shares of Comcast from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $50.00 to $38.00 in a research report on Friday, January 31st. Finally, Rosenblatt Securities dropped their target price on shares of Comcast from $45.00 to $36.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Ten research analysts have rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.64.
View Our Latest Research Report on CMCSA
Comcast Stock Performance
Shares of NASDAQ:CMCSA traded down $0.17 during midday trading on Thursday, hitting $37.21. The company had a trading volume of 7,397,373 shares, compared to its average volume of 19,834,445. The company has a market cap of $140.67 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 1.78 and a beta of 1.00. 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 fifty day moving average of $35.87 and a two-hundred day moving average of $39.02. Comcast Co. has a 12-month low of $32.50 and a 12-month high of $45.31.
Comcast (NASDAQ:CMCSA - Get Free Report) last posted 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, equities research analysts expect 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 given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 3.55%. This is an increase from Comcast's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's dividend payout ratio (DPR) is presently 31.81%.
About Comcast
(
Free Report)
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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