Fiduciary Group LLC lessened its stake in Comcast Co. (NASDAQ:CMCSA - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 162,294 shares of the cable giant's stock after selling 56,435 shares during the quarter. Fiduciary Group LLC's holdings in Comcast were worth $6,091,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Promus Capital LLC purchased a new position in Comcast in the fourth quarter valued at $25,000. Winch Advisory Services LLC grew its position in shares of Comcast by 269.9% during the 4th quarter. Winch Advisory Services LLC now owns 688 shares of the cable giant's stock valued at $26,000 after acquiring an additional 502 shares during the period. Roxbury Financial LLC purchased a new position in shares of Comcast in the 4th quarter valued at about $27,000. Wingate Wealth Advisors Inc. acquired a new position in Comcast in the 4th quarter worth about $28,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Comcast during the third quarter worth approximately $30,000. Hedge funds and other institutional investors own 84.32% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on CMCSA. Seaport Res Ptn upgraded Comcast from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Bank of America lowered Comcast from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $50.00 to $38.00 in a research note on Friday, January 31st. Benchmark reduced their price objective on Comcast from $57.00 to $55.00 and set a "buy" rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Comcast from $45.00 to $39.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, The Goldman Sachs Group reduced their target price on shares of Comcast from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.83.
Read Our Latest Analysis on CMCSA
Comcast Stock Down 0.4 %
Shares of Comcast stock traded down $0.15 during trading hours on Monday, reaching $36.60. 34,932,733 shares of the company were exchanged, compared to its average volume of 19,872,572. The firm has a market cap of $138.39 billion, a PE ratio of 8.82, a PEG ratio of 1.78 and a beta of 1.00. The stock's fifty day moving average is $35.83 and its 200 day moving average is $39.08. Comcast Co. has a 1 year low of $32.50 and a 1 year 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.
Comcast (NASDAQ:CMCSA - Get Free Report) last announced its quarterly earnings data 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 research analysts forecast that Comcast Co. will post 4.33 earnings per share for the current 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 is a boost from Comcast's previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, April 2nd. Comcast's payout ratio is 31.81%.
Comcast Profile
(
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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